X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
the phrase melrgers and acquisitions in leaderboard lighted text (Photo: Shutterstock)

The pace of recordkeeper consolidation shows no signs of abating. Last year’s headline-grabbing deals, such as Empower’s purchase of MassMutual’s and Fifth Third Bank’s recordkeeper business and Franklin Templeton’s acquisition of Legg Mason’s recordkeeper unit, are expected to continue a decades-long trend.

“It’s very hard to make money in this business, especially with the continued investment in technology that’s needed,” explains Robyn Credico, defined benefits consulting leader with Willis Towers Watson. “Then you add in financial wellbeing. You need something to be able to keep up and also make you stand out.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.