RESEARCH |
2021
Recordkeeping Survey
Reported by PLANSPONSOR
| Art by Tilda Rose
Providers
NWPS
www.nwpsbenefits.com| Assets ($MM) by Plan Type | ||||
|---|---|---|---|---|
| Ranked #25 | $41,645 | |||
| 401(k) | 85% | |||
| 403(b) | 3% | |||
| 457 | <1% | |||
| NQDC | 2% | |||
| Other | 10% | |||
| Participants by Plan Size | ||||
|---|---|---|---|---|
| Ranked #30 | 428,511 | |||
| <$10MM | 13% | |||
| $10MM – $50MM | 11% | |||
| >$50MM – $200MM | 18% | |||
| >$200MM | 57% | |||
| Related Offerings | |
|---|---|
| HSA integration | No |
| Student Loan Repayment | NR |
| Financial wellness options | 1 |
| Service Offerings | |
|---|---|
| New client restrictions | None |
| Multiple service models | No |
| Offers corporate trustee services | Yes—either direct or via partnership |
| # of internal ERISA counsel | 0 |
| Will act as §3(16) fiduciary | Yes - direct offering |
| Participant Services | |
|---|---|
| Call center hours | Weekdays: 8 a.m. – 8 p.m. |
| Online chat support | Yes |
| Mobile app | |
| Managed account options | Financial Engines; ProNvestRussell Investments PRA |
| Recordkeeping Platform | FIS Omni; FIS Relius |
|---|
