RESEARCH |
2021
Recordkeeping Survey
Reported by PLANSPONSOR
| Art by Tilda Rose
Providers
Sentinel Benefits & Financial Group
sentinelgroup.com| Assets ($MM) by Plan Type | ||||
|---|---|---|---|---|
| Ranked #36 | $11,659 | |||
| 401(k) | 90% | |||
| 403(b) | 5% | |||
| 457 | <1% | |||
| NQDC | <1% | |||
| Other | 5% | |||
| Participants by Plan Size | ||||
|---|---|---|---|---|
| Ranked #41 | 130,724 | |||
| <$10MM | 39% | |||
| $10MM – $50MM | 42% | |||
| >$50MM – $200MM | 14% | |||
| >$200MM | 4% | |||
| Related Offerings | |
|---|---|
| HSA integration | Direct |
| Student Loan Repayment | 3rd party source(s) |
| Financial wellness options | 5 |
| Service Offerings | |
|---|---|
| New client restrictions | None |
| Multiple service models | No |
| Offers corporate trustee services | Yes—either direct or via partnership |
| # of internal ERISA counsel | 3 |
| Will act as §3(16) fiduciary | Yes - direct offering |
| Participant Services | |
|---|---|
| Call center hours | Weekdays: 8 a.m. – 6 p.m. EST |
| Online chat support | Yes |
| Mobile app | |
| Managed account options | PASW |
| Recordkeeping Platform | FIS Relius |
|---|
