2020
Recordkeeping Survey

Providers

IPX/FPS Group, LLC

www.ipxplatform.com
Assets ($MM) by Plan Type
Ranked #52$1,862
401(k)0%
403(b)80%
457 20%
NQDC<1%
Other0%
Participants by Plan Size
Ranked #5066,036
<$10MM64%*
$10MM – $50MM35%*
>$50MM – $200MM<1%
>$200MM0%
Plans by Count
Ranked #411,237
% Third-party administration
98%
Related Offerings
HSA integrationDirect
Student Loan Repaymentvia 3rd party
Financial wellness options>4
Service Offerings
New client restrictionsWe recordkeep 403(b), 457, 401(a), FICA Alt. Currently not recordkeeping 401(k) plans
Multiple service modelsNo
Offers corporate trustee servicesYes - direct offering
# of internal ERISA counsel0
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 9 a.m. - 7 p.m. ET
Online chat supportNo
Mobile app
Managed account optionsProprietary offering
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformProprietary recordkeeping system
Footnote:
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.