It may be a simple replacement of a poor performing fund, or it could be a complete overhaul of the investment menu as they transition to a new recordkeeping provider. Each time a change is made, the plan fiduciaries are taking discretion of participant investments by moving participants money from one investment option to another, and as a result, they should give careful consideration of their decision.
In Level 3 of our proprietary retirement plan committee fiduciary training program, we cover what mapping options a fiduciary can consider. To download a copy of this L3 training material, please fill out the form.