2019 Recordkeeping Survey

Breaking down the DC industry by plan type.

Providers

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IPX/FPS Group, LLC

www.ipxplatform.com
PROFILE2018RANK
Assets ($MM)$1,596 55
Plans80148
Participants37,88054
Participants by Plan Size
<$5MM6,889
$5MM – $25MM23,535
>$25MM – $100MM6,872
>$100MM – $500MM584
>$500MM0
Plans by Channel
Direct sold 33%
Intermediary sold 67%
Assets ($MM) by Plan Type
401(k)$0
403(b)$1,580
457 $15
NQDC$0
All Other$0
Service Offerings
New client restrictions403(b), 457, 401(a), FICA Alt, 457(f), and 415(m) plans only
Multiple service modelsNo
Offers corporate trustee servicesYes - via partnership/other strategy
# of internal ERISA counsel0
Will act as §3(16) fiduciaryYes - via third party
Participant Services
Call center hoursWeekdays: 10 a.m. - 7 p.m. ET
Online chat supportYes
Mobile appNo
Managed account optionsVerity Asset Management
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformProprietary system
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Recordkeeping Survey Archive

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.