Most experts are predicting massive consolidation among DC record keepers – with the big push just about to begin, especially with four national record keepers representing more than 100,000 defined contribution plans likely to change ownership in the next few months.
The businesses of many large, national record keepers are not sustainable, especially with low plan turnover and deflationary price pressure driven by new disclosure regulations and the proliferation of cheap and easy-to-use fee benchmarking software.
