2019
Recordkeeping Survey

Five hot-button issues plan sponsors need to cover in provider searches.

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.

Alliance Benefit Group

www.abgnational.com
Assets ($MM) by Plan Type
Ranked #25$50,322
401(k)$39,550
403(b)$3,197
457 $1,001
NQDC$0
All Other$64,574
Participants by Plan Size
Ranked #261,099,604
<$5MM399,604
$5MM – $25MM537,500
>$25MM – $100MM162,500
>$100MM – $500MM0
>$500MM0
Plans by Channel
Ranked #1917,391
Direct sold
Intermediary sold
60%
40%
Service Offerings
New client restrictionsNone
Multiple service modelsNo
Offers corporate trustee servicesNot reported
# of internal ERISA counselVaries by office
Will act as §3(16) fiduciaryYes - either direct or using third party offerings
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportYes
Mobile appYes
Managed account optionsFinancial Engines; Morningstar/Ibbotson; Stadion
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceYes
Recordkeeping PlatformFIS Omni; FIS Relius