Don't look now—your plan sponsors are about to break up with you. So says the latest Cogent Reports™ Retirement Planscape® survey of 1,471 401(k) plan sponsors. The report reveals that 40 percent of plan sponsors are very likely to initiate a formal review of their plans over the next year. Plus, 11 percent are already planning a move to a different retirement plan provider.

While that may sound like bad news, to the smart retirement advisor its opportunity knocking. Considering the current US-based 401(k) retirement plan assets are an estimated $4.4 trillion according to the Investment Company Institute, that means a lot of defined contribution assets, $460 billion, are about to be looking for a new home.

Plus, a Healthcare Trends Institute's 2014 Healthcare Benefits Trends study reveals that defined contribution plans and private exchanges are gaining awareness with employers. Over 77 percent of those surveyed say they have some familiarity with the DCPs and private exchanges. More good news—just over 11 percent of respondents were considering DCPs for 2015, slightly more than 61 percent were looking at DCPs for the 2016 benefit year, and over 22 percent were considering offering them in 2017.

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