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Changing Record Keepers


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Guest stevembauer
Posted

How long on average do large (>$400MM in assets or >10,000 participants) 401(k) plans stay with a record keeper before changing?

Posted

It would depend on the relationship the plan sponsors have with the recordkeeper. Sometimes plans switch recordkeepers very often, other times a plan may stay with a recordkeeper forever if they feel the service is good.

What's the basis of your question, if you don't mind me asking?

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