2020
Recordkeeping Survey

Providers

T. Rowe Price

www.troweprice.com
Assets ($MM) by Plan Type
Ranked #10$214,038
401(k)91%
403(b)1%
457 5%
NQDC2%
Other1%
Participants by Plan Size
Ranked #152,198,879
<$10MM6%
$10MM – $50MM6%
>$50MM – $200MM13%
>$200MM75%
Plans by Count
Ranked #275,450
% Third-party administration
18%
Related Offerings
HSA integrationvia Partnership/other strategy
Student Loan Repaymentvia 3rd party
Financial wellness options2 – 4
Service Offerings
New client restrictionsPlan Types Not Available on All Platforms: Leveraged ESOP, Equity Awards, Employee Stock Purchase Plan (ESPP), 401(h), Dual Qualified (PR/US); Essential Choice and Focus Choice: Plan Types Not Available: 401(a)/3121, Defined Benefit, Multi-Vendor, Employe
Multiple service modelsYes
Offers corporate trustee servicesYes - direct offering
# of internal ERISA counsel8
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 7 a.m. - 10 p.m. ET
Online chat supportYes
Mobile app
Managed account optionsFinancial Engines; Morningstar
Retirement Income
Displays retirement income estimate on statements
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformFIS Omni; SS&C Technologies