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.

The Vanguard Group, Inc.

www.vanguard.com
Assets ($MM) by Plan Type
Ranked #4$514,160
401(k)$425,513
403(b)$29,968
457 $1,475
NQDC$2,953
All Other$54,251
Participants by Plan Size
Ranked #65,075,370
<$10MM339,776
$10MM – $50MM330,029
>$50MM – $200MM587,568
>$200MM – $1BMM1,361,735
>$1B2,456,262
Plans by Channel
Direct sold
Intermediary sold
60%
40%
Service Offerings
New client restrictionsPlan size restrictions may apply; contact provider for details.
Multiple service modelsYes
Offers corporate trustee servicesYes
Internal ERISA counsel6
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 8:30 a.m. - 9 p.m. ET
Online chat supportNo
Mobile appYes
Managed account optionsFinancial Engines
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceNo
Recordkeeping Platform Proprietary system
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.