Consolidating retirement plan services with a bundled solution can reduce costs. (Photo: Getty)

Engaging vendors and service providers who are competent and able to deliver best-in-class services at a reasonable cost is an important fiduciary obligation of a 401(k) plan sponsor.

As 401(k) plans become more technical, with many diverse investment options and administration strategies, finding top-notch service at modest expense can be a challenge for some plan sponsors. This is particularly true for sponsors of 401(k) plans administered by various providers as part of an unbundled strategy.

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