Changing DC Plan Recordkeepers Can Be Complex

Changing DC Plan Recordkeepers Can Be Complex

Steps for a Smooth and Successful Transition

Over the years, defined contribution plan services have become more standardized. Yet the process for transitioning to a new recordkeeper is still complex. It can also be painful.

Operational risks associated changing recordkeepers include:

  • Unexpected disruption to participant accounts
  • Lengthy blackout periods
  • Potential for lost data
  • Possibly costly reconciliations
  • Misunderstood communications

That’s why recordkeeper transitions need to be carefully managed. Our report covers:

  • Five steps for successful implementation and management of risks
  • Three critical components of painless recordkeeper transition
Report — March 2018

Public Sector Letter, “Changing DC Plan Recordkeepers Can Be Complex: Steps for a Smooth and Successful Transition”

<em>Public Sector Letter</em>, “Changing DC Plan Recordkeepers Can Be Complex: Steps for a Smooth and Successful Transition” Learn more about how to manage DC plan recordkeeper transition
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Julian Regan

Julian Regan
Public Sector Market Leader and Senior Vice President

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