McDonald\u2019s is the most popular hamburger fast food place in the country, but is it better than In-N-Out or Shake Shack? Of course, it isn\u2019t, it\u2019s not even better than Wendy\u2019s.\u00a0 Yet it\u2019s the most popular fast food restaurant because of the vision of Ray Kroc, who was the first person to franchise a hamburger restaurant from coast to coast. Just because it\u2019s popular doesn\u2019t make it good. How many New York area pizza places are better than Dominos, Little Caesars, and Pizza Hut? I think everyone.<\/p>\n
The point is that popularity doesn\u2019t mean the best in quality. Yet there are so many plan sponsors that hire a plan provider just because they\u2019re popular. Hiring a plan provider just because of the assets they manage\/administer or the plans they handle is quite large on the list of plan providers. Bigger doesn\u2019t mean better, being popular doesn\u2019t mean competent. A plan sponsor that picks a provider that is just going with the flow is breaching their fiduciary duty if the popular choice isn\u2019t a competent one. There are a lot of reasons that a plan sponsor should hire a certain provider, just being popular isn\u2019t one of them.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" McDonald\u2019s is the most popular hamburger fast food place in the country, but is it better than In-N-Out or Shake Shack? Of course, it isn\u2019t, it\u2019s not even better than Wendy\u2019s.\u00a0 Yet it\u2019s the most popular fast food restaurant because … Continue reading