2020
Recordkeeping Survey

Providers

The Standard

https://www.standard.com/
Assets ($MM) by Plan Type
Ranked #30$23,083
401(k)88%
403(b)8%
457 1%
NQDC<1%
Other2%
Participants by Plan Size
Ranked #32408,323
<$10MM41%
$10MM – $50MM42%
>$50MM – $200MM11%
>$200MM6%
Plans by Count
Ranked #332,899
% Third-party administration
12%
Related Offerings
HSA integrationNo
Student Loan Repaymentvia 3rd party
Financial wellness options2 – 4
Service Offerings
New client restrictions401(k), Profit Sharing, 457, 403(b), Money Purchase and Defined Benefit plans.
Multiple service modelsYes*
Offers corporate trustee servicesYes - direct offering
# 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 optionsProprietary offering
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformFIS Omni
Footnote:
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.