RESEARCH |

2018
Plan Administration Guide, Part Two: Recordkeeping Survey

Breaking down the DC industry by plan type.

Reported by PLANSPONSOR | Art by Julie Benbassat
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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.

Correll Co.

www.correllco.com
Assets ($MM) by Plan Type
Ranked #56$2,325
401(k)$2,136
403(b)$45
457 $9
NQDC$24
All Other$111
Participants by Plan Size
Ranked #5190,388
<$10MM34,605
$10MM – $50MM37,886
>$50MM – $200MM17,897
>$200MM – $1BMM0
>$1B0
Plans by Channel
Direct sold
Intermediary sold
2%
98%
Service Offerings
New client restrictionsNone
Multiple service modelsNo
Offers corporate trustee servicesNo
Internal ERISA counsel1
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 10 a.m. - 5:30 p.m. ET
Online chat supportNo
Mobile appNo
Managed account optionsNone
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceYes
Recordkeeping Platform FIS Relius
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.