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.

Principal Financial Group

www.principal.com
Assets ($MM) by Plan Type
Ranked #8$219,900
401(k)$147,736
403(b)$14,459
457 $1,471
NQDC$4,496
All Other$51,738
Participants by Plan Size
Ranked #55,091,771
<$10MM1,828,771
$10MM – $50MM1,314,287
>$50MM – $200MM974,699
>$200MM – $1BMM586,574
>$1B387,440
Plans by Channel
Direct sold
Intermediary sold
1%
99%
Service Offerings
New client restrictionsNone
Multiple service modelsYes
Offers corporate trustee servicesYes
Internal ERISA counsel5 ERISA attorneys & 2 legal assitants
Will act as §3(16) fiduciaryNot reported
Participant Services
Call center hoursWeekdays: 6 a.m. - 8 p.m. ET
Online chat supportNo
Mobile appYes
Managed account optionsMorningstar/Ibbotson
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceYes
Recordkeeping Platform Proprietary system