2020
Recordkeeping Survey

Providers

NWPS

www.nwpsbenefits.com
Assets ($MM) by Plan Type
Ranked #26$35,505
401(k)85%
403(b)4%
457 <1%
NQDC2%
Other9%
Participants by Plan Size
Ranked #33406,447
<$10MM12%
$10MM – $50MM17%
>$50MM – $200MM17%
>$200MM54%
Plans by Count
Ranked #441,040
% Third-party administration
5%
Related Offerings
HSA integrationDirect
Student Loan Repaymentvia 3rd party
Financial wellness options2 – 4
Service Offerings
New client restrictionsNone
Multiple service modelsNo
Offers corporate trustee servicesYes - via partnership/other strategy
# of internal ERISA counsel0
Will act as §3(16) fiduciaryYes - direct offering
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportNo
Mobile app
Managed account optionsRussell PRA, ProNvest, Financial Engines
Retirement Income
Displays retirement income estimate on statements
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformFIS Omni; FIS Relius