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.

Alight Solutions

www.alight.com
Assets ($MM) by Plan Type
Ranked #5$410,354
401(k)$348,582
403(b)$7,280
457 $751
NQDC$4,081
All Other$49,120
Participants by Plan Size
Ranked #74,698,000
<$10MM0
$10MM – $50MM0
>$50MM – $200MM98,000
>$200MM – $1BMM622,000
>$1B3,978,000
Plans by Channel
Direct sold
Intermediary sold
100%
0%
Service Offerings
New client restrictionsNone
Multiple service modelsNo
Offers corporate trustee servicesNo
Internal ERISA counsel4
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportYes
Mobile appYes
Managed account optionsFinancial Engines; Alight Financial Advisors
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceNo
Recordkeeping Platform Proprietary system; FIS Omni
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.