Who is Advising Your Plan? Increasing fiduciary duties and liabilities are prompting employers to reconsider who they rely on to guide their retirement plan. Many employers are hiring retirement specialists rather than using a generalist financial planner or going it alone. Below are some considerations for employers as they review their plan and determine how best to provide their retirement plan within their organization.A plan without an advisorYou're on your own! A recordkeeper may provide some services, but you must do the analysis on fees, investment performance, savings rates, rollovers, and look after your own fiduciary responsibilities.A plan with a financial advisorThe average financial planner is a generalist who has fewer than 5 retirement plan clients. Sometimes they know little more about retirement plans than the employers they serve.A plan utilizing a retirement specialistRetirement specialists typically have 10+ years of working with hundreds of retirement plans. They can provide guidance on the fiduciary aspects of the plan and work in you and your employees' best interest.