Why some 401(k)s seldom change providers Record keepers lament the tendency for many plans to stay put, but big 401(k)s are often priced so low that no one bids for them December 21, 2020 2 MINS Retirement plans are increasingly slow to change providers, and that is becoming a challenge for the record-keeping industry, said guests at the RPA Convergence Record Keeper Roundtable and Think Tank. Across plans of all sizes, advisers and consultants can have little incentive to recommend record-keeper changes, attendees said at the two-day event on Dec. 14-15. But among very large plans specifically, those with at least $1 billion in assets, changes can be rare for another reason, they said.