If there was any doubt, the October 2010 401kExchange Opportunity Indices (reporting the percentage of plans that indicate they are currently searching for or thinking of changing recordkeepers, funds or advisers) definitively show that DC plan sponsors are much more concerned about finding the right adviser than changing their funds or recordkeepers.

While recordkeepers still have the power because of the concentration of plans and assets among very few firms, plan sponsors no longer believe that changing them is important - never mind necessary.

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