What To Do When Your Retirement Vendor Is Sold

Enter Your Name and Email To Take Advantage of This FREE Resource.

As a plan sponsor, when your record keeper changes, you have a fiduciary obligation to research how it affects both your organization and your participants. While this may be a good move for your plan, accepting an automatic conversion remains a fiduciary decision. Plan sponsors should initiate a process to determine whether the change is best for plan participants and beneficiaries, or if an alternative solution would be better.