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.

Securian Financial

www.securian.com/retirement
Assets ($MM) by Plan Type
Ranked #35$17,331
401(k)$12,320
403(b)$921
457 $66
NQDC$0
All Other$4,024
Participants by Plan Size
Ranked #34337,457
<$10MM161,041
$10MM – $50MM83,723
>$50MM – $200MM30,592
>$200MM – $1BMM46,015
>$1B16,086
Plans by Channel
Direct sold
Intermediary sold
Not reported
Not reported
Service Offerings
New client restrictionsNo ESOP plans
Multiple service modelsYes
Offers corporate trustee servicesYes
Internal ERISA counsel6
Will act as §3(16) fiduciaryYes - both internal and third party offerings
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportNo
Mobile appNo
Managed account optionsSmart401k; Trademark Capital
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceYes
Recordkeeping Platform FIS Omni
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.