2025
Recordkeeping Survey
As the defined contribution market grows and changes, recordkeepers are addressing increasing plan sponsor and participant service expectations.
Industry Snapshot
403(b), All Types
One of the unique things about 403(b) plans is the potential for individual annuity contracts with legacy vendors. Justin Londergan, a partner in Ardea Fiduciary Advisors, says recordkeepers need an awareness of the issues presented by legacy vendor contracts and offer some sort of solution for them. When looking for a recordkeeper, 403(b) plan sponsors should also think carefully about fees, investment options, investment availability and opportunities for participant engagement, Londergan says. “403(b) [sponsor]s should look for a partner to help them, along with their adviser, decide what features are best for their particular plans.”—Rebecca Moore
Total assets
Total plans
Total participants
159,260
17,957,689
$1.53T
Total assets
Total plans
Total participants
159,260
17,957,689
$1.53T
Total assets
Total plans
Total participants
159,260
17,957,689
$1.53T
Total assets
Total plans
Total participants
159,260
17,957,689
$1.53T
*SINGLE, Pooled employer or multiple employer 403(b)
Recordkeeping Provider Rankings, by 403(b) Plan Data
