PLANADVISER - July/August 2018 - 39

2016 PLANSPONSOR RECORDKEEPING SURVEY
Methodology
T
he 2018 PLANSPONSOR Recordkeeping Survey now integrates data from our 403(b),
457 and nonqualified deferred compensation (NQDC) buyer's guides to provide a
more complete summary of the defined contribution (DC) market. The results were
aggregated from data submitted by 63 service providers that collectively oversee more
than $7 trillion in DC assets and are estimated to account for more than 90% of the total
defined contribution market.*
The following pages summarize survey results by market/provider. Provider profiles
(starting on page 30) are presented alphabetically and reflect the vendor's experience in
servicing different types of plans. Each provider is ranked in three categories: total plans,
total assets and total participants; other rankings/totals reflect only those organizations
that reported the associated data. All data, including data reported this year, are as of
December 31, 2017; all information from the survey was self-reported. Readers may follow
up with providers directly for additional details on the scope of services available.
More information can be found online at www.plansponsor.com/research. To
Defi ned Contribution Recordkeeper Profi les continued
BPAS*
Total Assets ($MM)
401(k)
403(b)
457
NQDC
Other
Total Number of Plans
% serviced direct
% intermediary
Total Participants
<$10MM
$10MM - $50MM
>$50MM - $200MM
>$200MM - $1B
>$1B
Recordkeeping Platform:
FIS Omni
$9,100/#41
$5,772
$1,690
$132
$52
$1,454
3,415 /#32
5%
95%
281,290/#37
155,172
62,705
52,131
11,282
Charles Schwab
Total Assets ($MM)
401(k)
403(b)
457
NQDC
Other
Total Number of Plans
2009 2010
% serviced direct
% intermediary
Total Participants
<$10MM
$10MM - $50MM
2011
$132,560
$35
$5
$3,628
$17,892
1,038 /#47
36%
64%
purchase a Microsoft Excel spreadsheet of responses from all 63 providers, please contact
Michelle Judkins at michelle.judkins@strategic-i.com. To learn how to participate in our
2019 Recordkeeping Survey, contact Brian O'Keefe at brian.okeefe@strategic-i.com.
# refers to rank, as of 12/31/2017
Total Defi ned Contribution Plan Assets ($MM)
$154,120/#14
Conduent HR Services, LLC
Total Assets ($MM)
401(k)
403(b)
457
NQDC
Other
2012 2013 2014 2015 2016 2017 2018
Total Number of Plans
% serviced direct
% intermediary
Total Assets, Plans and ParticipantsTotal Participants
<$10MM
>$50MM - $200MM
>$200MM - $1B
>$1B

Total defi ned
contribution assets
1,225,760/#21
15,183
95,406
316,733
602,434
Recordkeeping Platform: Proprietary;
Schwab Retirement Technologies (SRT)
Correll Co.
Total Assets ($MM)
401(k)
403(b)
457
NQDC
Other
Total Number of Plans
% serviced direct
% intermediary
Total Participants
<$10MM
$10MM - $50MM
>$50MM - $200MM
>$200MM - $1B
>$1B
Recordkeeping Platform:
FIS Relius
$2,325/#56
$2,136
$45
$9
$24
$111
990 /#50
2%
98%
90,388/#51
34,605
37,886
17,897
CUNA Mutual Retirement Solutions
Total Assets ($MM)
By Plan Size
<$10MM
$10MM - $50MM
>$50MM - $200MM
401(k)
>$200MM - $1B
403(b)
NQDC
Other
>$1B
457
*Source: Investment Company Institute, 2018 Investment Company Fact Book. †Not all providers report complete data, therefore
will not equal the corresponding overall total.
$17,636/#34
$15,452
$1,095
$724
$23
$342
Total Number of Plans
% intermediary
Total Participants
<$10MM
$10MM - $50MM
>$50MM - $200MM
>$200MM - $1B
>$1B
Recordkeeping Platform:
Proprietary system; FIS Omni
*BPAS is a member of Alliance Benefi t Group, which is ranked/reported separately and includes BPAS totals.
NR = not reported in time for publication.
32 PLANSPONSOR.com June-July 2018
24 PLANSPONSOR.com June-July 2018
% serviced direct
7,925 /#25
57%
43%
259,163/#38
174,319
71,500
12,098
1,246
$1,454,258
$3,421,745
457
NQDC
Other
Total Number of Plans
% serviced direct
% intermediary
Total Participants
<$10MM
$10MM - $50MM
>$50MM - $200MM
>$200MM - $1B
>$1B
Recordkeeping Platform:
Proprietary system; FIS Relius
$3,190/#55
$3,113
$55
$6
$3
$13
3,365 /#33
50%
50%
72,480/#53
70,626
1,854
Assets ($MM)†
$907,645
$799,595
$869,501

$10MM - $50MM
Total defi ned
contribution plans
$7,467,595 196,004 906,503>$1B
>$50MM - $200MM
>$200MM - $1B
139 /#63
NR
NR
2,414,477/#14
7,151
16,396
186,169

contribution participants
1,888,796
Total defi ned
315,965
103,764,282
Recordkeeping Platform:
Proprietary system; FIS Omni
Plans†
Employee Fiduciary, LLC
Total Assets ($MM)
401(k)
403(b)
842,098
42,033
9,564
3,439
971
Participants†
22,407,447
14,660,540
14,473,825
19,699,583
32,504,827

Assets
90%
Share of Total Defi ned
Contribution Plan Market
Top 5 Recordkeepers

Assets
54%

Plans
12%

Participants
43%
$193,227/#12
$138,517
$1,228
$9
$2,094
$51,379
Top 10 Recordkeepers

Assets
71%

Plans
24%

Participants
63%
Top 20 Recordkeepe
$3,022,928
$3,639,933
$4,126,181
$4,182,461
$4,575,706
$5,569,828
$5,978,664
$5,961,980
$6,462,919
$7,467,595
Want to See
More Information
From This or
Other Surveys?
 Online
We have more Recordkeeping Survey
data on planadviser.com in the Research
section (requires free registration). Readers
will also find more in-depth profiles of
provider's capabilities and experience
with servicing 403(b) and NQDC plans in
our related Buyer's Guides.
 Excel Data
Even more data is available with the
purchase of an Excel file of the full
Recordkeeping Survey dataset.
Also available for other surveys.
Email Michelle.Judkins@strategic-i.com
for pricing and data points included
in the Excel file.
 PDF Reprint
Email Michelle.Judkins@strategic-i.com
for pricing on a PDF file or paper reprints
of the survey.
PLANADVISER - July/August 2018

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