2022
Recordkeeping Survey

Industry Snapshot

Industry Snapshot

Recordkeeping Industry Snapshot

The annual PLANSPONSOR Recordkeeping Survey was conducted this June via an online questionnaire. Recordkeepers of defined contribution plans participated in the survey and provided the information outlined on the subsequent pages. According to internal analysis based on the “2022 Investment Company [Institute] Fact Book,” this year’s results represent over $10 trillion in DC assets, which are estimated to account for about 83% of the overall DC market. The following charts and profiles are aggregated and ranked by reported total assets, plans and participants. Specifically, the profiles offer a look into a breakdown of sponsor service offerings, participant services and related offerings. All data from this survey are reported as of December 31, 2021. To participate in a future survey, including the 2023 Recordkeeping Survey, please email Surveys@issgovernance.com. —Kimberley Gonzalez-Quiles

Total Defined Contribution (DC) Plan Assets, by Plan Types

401(k)__  403(b)__  457 __  Money purchase/profit sharing __  Nonqualified deferred compensation__  Other

$10.3T

$9.43T

$10T

$8T

$7.12T

$6.11T

$6.08T

$6T

$4.60T

$4T

$2T

$0

2013

2015

2017

2019

2021

2022

$10.35T

$9.43T

$10T

$8T

$7.12T

$6.11T

$6.08T

$6T

$4.60T

$4T

$2T

$0

2013

2015

2017

2019

2021

2022

$10.35T

$9.43T

$10T

$8T

$7.12T

$6.11T

$6.08T

$6T

$4.60T

$4T

$2T

$0

2013

2015

2017

2019

2021

2022

$10.35T

$9.43T

$10T

$8T

$7.12T

$6.11T

$6.08T

$6T

$4.60T

$4T

$2T

$0

2013

2015

2017

2019

2021

2022

Total Defined Contribution (DC) Plan Assets, by Plan Types, 2022

401(k)
$7.5T
403(b)
$1.4T
457
$554B
Money purchase/ profit sharing
$390B
Nonqualified Deferred Compensation
$172B
Other
$248B

Plan Tenure with the Provider

  • <5 years
  • 5-8 years
  • >8 years

Total Number of DC Plans, by Participants

<10 participants
367,093
10 – 50 participants
301,468
>50 – 100 participants
67,790
>100 – 500 participants
66,925
>500 participants
23,886

48%

86,042

of recordkeepers offering multiple service models

DC recordkeeping plans added in 2021

48%

86,042

of recordkeepers offering multiple service models

DC recordkeeping plans added in 2021

48%

86,042

of recordkeepers offering multiple service models

DC recordkeeping plans added in 2021

48%

86,042

of recordkeepers offering multiple service models

DC recordkeeping plans added in 2021