Empower Retirement has been voted to have the best value for the money by 401(k) plan sponsors.

That's according to Market Strategies International, which reported the news in its annual Cogent Reports Retirement Planscape. The number of plan sponsors giving the top vote to Empower Retirement was 43 percent, up from 27 percent a year ago.

The report also found plan administration fees to be the most common reason that sponsors switch their recordkeepers. Those fees, it said, are an important driver of satisfaction and loyalty when client expectations are fulfilled.

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