2019 Recordkeeping Survey

Breaking down the DC industry by plan type.

Providers

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Securian Financial

www.securian.com
PROFILE2018RANK
Assets ($MM)$16,851 33
Plans2,49834
Participants383,70534
Participants by Plan Size
<$5MM135,635
$5MM – $25MM108,224
>$25MM – $100MM64,662
>$100MM – $500MM34,084
>$500MM41,100
Plans by Channel
Direct sold 0%
Intermediary sold 100%
Assets ($MM) by Plan Type
401(k)$11,998
403(b)$876
457 $67
NQDC$0
All Other$3,910
Service Offerings
New client restrictionsNo ESOP plans
Multiple service modelsYes
Offers corporate trustee servicesYes - direct offering
# of internal ERISA counsel6
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 supportNo
Mobile appNo
Managed account optionsNone
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
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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.