2018
Plan Administration Guide, Part Two: Recordkeeping Survey

Breaking down the DC industry by plan type.

Introduction

As a complement to our Defined Contribution Survey—which measures how satisfied DC clients are with their providers—our annual Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics. This survey, as opposed to the DC survey, is comprised of data collected from the providers themselves.

Sentinel Benefits & Financial Group*

www.sentinelgroup.com
Assets ($MM) by Plan Type
Ranked #50$5,318
401(k)$4,437
403(b)$337
457 $24
NQDC$156
All Other$364
Participants by Plan Size
Ranked #5553,346
<$10MM22,025
$10MM – $50MM22,640
>$50MM – $200MM6,965
>$200MM – $1BMM1,716
>$1B0
Plans by Channel
Direct sold
Intermediary sold
40%
60%
Service Offerings
New client restrictionsNone
Multiple service modelsNo
Offers corporate trustee servicesNo
Internal ERISA counsel2
Will act as §3(16) fiduciaryYes - via third party
Participant Services
Call center hoursWeekdays: 8 a.m. - 6 p.m. ET
Online chat supportYes
Mobile appNo
Managed account optionsStadion; Fidelity Portfolio Advisory Services at Work (PAS-W)
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceNo
Recordkeeping Platform FIS Relius
*Sentinel Benefits & Financial Group is a member of Alliance Benefit Group, which is ranked/reported separately and includes Sentinel totals. Data has been updated/revised since initial publication in PLANSPONSOR magazine.