Todd Berghuis

By Todd Berghuis7/8/2014 • 0 Comments

A recent article appearing in the retirement industry press made a bold, but not necessarily accurate, statement about the consolidation of qualified plan recordkeepers and the services they provide. First, the assertion that “rising technology costs, lower fees and increased intellectual capital needed to remain competitive” will lead to consolidation, and will reduce the total number of retirement plan recordkeeping service providers. That much may very well prove to be true. The bold statement came next, claiming that this consolidation “will result in higher fees and worse service.”