2025
Recordkeeping Survey
As the defined contribution market grows and changes, recordkeepers are addressing increasing plan sponsor and participant service expectations.
Industry Snapshot
401(k), All Types
Trying to provide services for less money is a challenge, especially to the smaller recordkeepers, says Kelli Davis, executive vice president at Hub Retirement and Wealth Management. “I think this will lead to more consolidation, and it’s an issue I bring up with my clients that are considering a recordkeeping search: A smaller recordkeeper may sell, leading to future changes.” Davis says she and her clients also evaluate a recordkeeper’s size and capabilities in terms of implementing the SECURE [Setting Every Community Up for Retirement Enhancement] 2.0 provisions. “I’ve seen several smaller recordkeepers be apprehensive [regarding] implementing some of the features.”—Rebecca Moore
Total assets
Total plans
Total participants
765,094
87,238,139
$8.57T
Total assets
Total plans
Total participants
765,094
87,238,139
$8.57T
Total assets
Total plans
Total participants
765,094
87,238,139
$8.57T
Total assets
Total plans
Total participants
765,094
87,238,139
$8.57T
*SINGLE, Pooled employer or multiple employer 401(k)
Recordkeeping Provider Rankings, by 401(k) Plan Data
