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Does RFP Require 401k Plan Sponsor to Change Their Record Keeper?

Does RFP Require 401k Plan Sponsor to Change their Record Keeper? A 401k plan sponsor attending a TPSU program in Richmond VA discusses her company’s concerns about conducting a request for proposal for their record keeper after 20 years.

Though the company enjoys a strong relationship with their record keeper and the employees have confidence with the provider, the HR manager knows that she should shop the plan periodically. What she learned at TPSU is that even though they conduct an RFP, it does not mean they have to make a change.

Watch this 401kTV video to hear from the plan sponsor directly.

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