Company 401k Plans: Re: Advice for 401k law firm

Last I heard, Vanguard increased their limit from $1 million to at least $10 million in assets before taking over a plan. You should keep on trying to contact Vanguard and get an answer from them. There are some previous posts about Vanguard. Click the All messages to the left and read the Vanguard postings.

I'm not aware of any fund supermarkets that could replace MFS in your above model. From your description, it sounds like there seems to be a lot of recordkeeping for your structured plan. Checking the funds rating from Mornigstar and continuous shopping around for a 401(k) vendor is the right thing to do. I would suggest to continue shopping with the no-load fund families and see what they can offer. After evaluating a funds performance with Morningstar and checking the costs of the plan provider to the employer and employees, If the fees are still a bit more than one percent ... well then at least you know you did your best in finding the best plan for your job. As stated in my 401(k) RFPs, you need to continually evaluate your provider versus what else is in the marketplace and find out what is new. Chances are, if you haven't re-evaluated your current retirement plan in the last 5 years then you could probably do better.