2019 DC Survey Standouts
These service providers are to be recognized at the annual PLANSPONSOR + PLANADVISER Awards for Excellence dinner.
Through PLANSPONSOR’s annual Defined Contribution Survey, 14 providers received the highest marks when defined contribution (DC) plan sponsors of all size plans nationwide answered questions related to provider satisfaction.
Nearly 3,500 responses were received and tabulated; 14 companies accumulated the greatest number of service “cups” in the survey’s six main asset classes ranging from “micro” plans with less than $5 million in assets to “mega” plans with more than $1 billion in assets. They are listed below; the numbers in parentheses are the number of Best in Class (BIC) awards.
The survey results relating to provider satisfaction are published in the December–January 2020 issue of PLANSPONSOR. The industry data from the same survey were profiled in the October–November 2019 issue of PLANSPONSOR magazine and can be viewed in the 2019 PLANSPONSOR DC Benchmarking Survey.
The companies will be recognized at the annual 2020 PLANSPONSOR + PLANADVISER Excellence in Retirement Awards dinner event. This networking event celebrates the accomplishments of the best of the best in the retirement plan industry. Each year, the nation’s leading retirement plan sponsors and advisers, as well as the top product, investment and service providers are honored at this exclusive gathering, hosted at the JW Marriott Orlando, Grande Lakes.
For more information about the dinner and information about other award categories, visit here.
Micro (<$5MM)
-
AWARDS22
BB&T Retirement and Institutional Services
gold -
22
Correll Co.
gold -
18
Empower Retirement
bronze
Small A ($5MM–$25MM)
-
AWARDS23
BOK Financial
gold -
23
Securian Financial
gold -
18
Ascensus
bronze -
18
Newport Group
bronze
Small B (>$25MM–$50MM)
-
AWARDS23
Empower Retirement
gold -
22
Ascensus
silver -
21
Voya Financial
bronze
Mid (>$50MM–$200MM)
-
AWARDS20
Newport Group
gold -
19
Charles Schwab
silver -
18
Principal Financial Group
bronze
Large (>$200MM–$1B)
-
AWARDS22
Bank of America
gold -
21
John Hancock Retirement Plan Services
silver -
18
Charles Schwab
bronze
Mega (>$1B)
-
AWARDS20
Charles Schwab
gold -
20
Nationwide
gold -
17
T. Rowe Price
bronze