Introduction
T. Rowe Price
2016 Asset Rank: 12 www.troweprice.com
PROFILE | 2016 | 2015 | %Change |
---|---|---|---|
Assets ($MM) | $155,921 | $148,559 | 5.0% |
Plans | 3,629 | 3,470 | 4.6% |
Participants | 1,910,268 | 1,878,988 | 1.7% |
Plan Size | Participants | Plans |
---|---|---|
<$5MM | 58,346 | 2,533 |
$5MM – $25MM | 85,979 | 554 |
>$25MM – $100MM | 201,289 | 282 |
>$100MM – $500MM | 533,593 | 200 |
>$500MM | 1,031,061 | 60 |
Plans by Channel | |
---|---|
Direct sold | 29% |
Adviser sold | 32% |
Other | 39% |
Plans by Type | ||||
---|---|---|---|---|
401(k) | 88% | |||
403(b) | 2% | |||
457 | 1% | |||
Profit Sharing | 3% | |||
All Other | 6% |
Service Offerings | |
---|---|
New client restrictions | No Taft-Hartley plans |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 7 |
Plan Administration | |
---|---|
360-degree payroll integration | Available to some clients |
Supports alternate IDs | No |
Supports fee equalization | Available to some clients |
Will act as §3(16) fiduciary | No |
Participant Services | |
---|---|
Call center hours | Weekdays: 7 a.m. - 10 p.m. ET Saturdays: 7 a.m. - 10 p.m. ET |
Online chat support | Yes |
Mobile app | Yes |
Outside account aggregation | Yes |
Advice Offerings | |
---|---|
Managed account options | Financial Engines Morningstar/Ibbotson |
Offers financial wellness program(s) | Yes |
Retirement Income | |
---|---|
Income estimate on statements | Yes |
In-plan retirement income products | No |
Out-of-plan annuity bidding service | No |
Recordkeeping Platform | SunGard Omni SunGard Relius DST Systems TRAC some 3rd party platforms may be used for other products/services - contact provider for details |
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2017 Defined Contribution Recordkeeper Capabilities |
Provider Listing Key:
- New-client requirements vary and may include plan-size minimums or restrictions on the types of plans that will be accepted. Please contact providers for details.- ERISA (Employee Retirement Income Security Act) counsel equals the number of full-time equivalent legal staff available to opine on ERISA issues when needed. Additional fees may apply.
- Fee equalization reflects whether the recordkeeper may credit participants for revenue sharing paid by their investments that exceeds their share of the recordkeeping fee.
- Providers supporting 360-degree payroll integration accommodate direct, two-way communication of data with payroll vendors to simplify some aspects of plan administration. It may be available to "all clients" or "some clients," if certain conditions are met.
- In-plan retirement income products include guaranteed investment options specifically designed to produce a predictable level of income throughout retirement with no need to reinvest or withdraw assets from the plan.
- NR = not reported in time for publication; NA = not applicable to the provider.