«While the
decision to move is a substantial commitment of internal resources, moving to a new service provider is driven by a host of reasons, including but not limited to service level
issues; fees;
plan consolidation due to corporate mergers, acquisitions, or divestitures; and outgrowing the current provider services and capabilities... For sponsors who want to add a
guaranteed lifetime income option, portability could be a factor in the
decision to stay or to move to a new service provider.»