2020
Recordkeeping Survey

Providers

Securian Financial

www.securian.com
Assets ($MM) by Plan Type
Ranked #31$20,925
401(k)73%
403(b)4%
457 <1%
NQDC0%
Other23%
Participants by Plan Size
Ranked #31424,186
<$10MM45%
$10MM – $50MM28%
>$50MM – $200MM10%
>$200MM17%
Plans by Count
Ranked #342,550
% Third-party administration
18%
Related Offerings
HSA integrationvia Partnership/other strategy
Student Loan Repaymentvia 3rd party
Financial wellness options2 – 4
Service Offerings
New client restrictionsNo ESOP
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 app*
Managed account optionsStadion
Retirement Income
Displays retirement income estimate on statements
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceYes
Recordkeeping PlatformFIS Omni
Footnote:
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.