2025
Recordkeeping Survey
As the defined contribution market grows and changes, recordkeepers are addressing increasing plan sponsor and participant service expectations.
Industry Snapshot
457 – 457(b) / 457(f)
457 plans need a lot of hand-holding on plan design and compliance consulting,” says Justin Londergan, a partner in Ardea Fiduciary Advisors. He urges employers that sponsor, or want to sponsor, 457 plans to work with a vendor that will give feedback on various provisions and how those would fulfill the sponsor’s needs, plus also help with specific matters such as how to navigate adoption agreements. “That support is a real value add.” Beyond that, he says, 457 plan sponsors should look for the usual things—breadth of investment options, access to participant education and reasonable fees. And “experience working with that type of plan is critical,” he says.—Rebecca Moore
Total assets
Total plans
Total participants
42,943
8,864,370
$617B
Total assets
Total plans
Total participants
42,943
8,864,370
$617B
Total assets
Total plans
Total participants
42,943
8,864,370
$617B
Total assets
Total plans
Total participants
42,943
8,864,370
$617B
Recordkeeping Provider Rankings, by 457 Plan Data
