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Art by Yuko Shimizu

2015 403(b)/457 Buyer's Guide

403(b) retirement plans are primarily used by non-profit organizations such as educational institutions, hospitals/health care providers, charities and religious organizations. They are in many ways similar to 401(k) plans—but they also have many unique challenges. 457 retirement plans are also for nonprofits, and are used in the government sector as a supplemental retirement savings plan. The 2015 403(b)/457 Buyer’s Guide shows the providers who service these two markets, what they focus on in terms of market segment, and the services they provide to plan sponsors.

Published in PLANSPONSOR August 2015

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2015 403(b)/457 Industry Snapshot

403(b) INDUSTRY SNAPSHOT
Total 403(b) assets$775,745
Total 403(b) plans164,163
Total 403(b) participants14,637,039
403(b) PLANS BY SIZE
<$5 MM130,411
$5 MM - $100 MM11,243
>$100 MM1,069
% 403(b) PLANS BY TYPE
ERISA plans24%
Non-ERISA plans76%
GOVERNMENTAL 457 INDUSTRY SNAPSHOT
Total 457 assets$174,268
Total 457 plans16,546
457 PLANS BY SIZE
<$5 MM15,494
>$5 MM1,596
% 457 PLANS BY GEOGRAPHY
Northeast29%
South29%
Midwest25%
West17%

Methodology

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The 2015 PLANSPONSOR 403(b)/457 Buyer’s Guide identifies providers of 403(b) and/or 457 plan administration services. The questionnaire was available in June and received 25 responses. All data are as of December 31, 2014. References to 457 plans include only state/local governmental 457 plans. Profiles are meant to be representative of provider experience and capabilities. More extensive data are available for purchase or by contacting providers directly. For information on full survey results, email Brian O’Keefe at bokeefe@assetinternational.com.

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403(B) BUYER'S GUIDE

403(b) plans are in many ways the same as traditional corporate 401(k) plans, but they also have many unique challenges. The 403(b) Buyer’s Guide shows the providers who service this market, what they focus on in terms of market segment, and the services they provide to 403(b) plan sponsors.

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