PLANSPONSOR’s 15th annual Defined Contribution Recordkeeping
Survey questionnaire was distributed to providers of full-service and unbundled
recordkeeping for defined contribution (DC) plans—68 complete responses were
received this year. The questionnaire collected a wide range of
information/data pertaining to each provider’s experience, service and
capabilities and was available to providers for completion online between March
and late April. All data are as of December 31, 2012; comparable data from the
prior year are as of December 31, 2011.
The providers are listed in alphabetical order. “Asset rank”
indicates the relative order by total recordkeeping assets under
administration, reported in millions of dollars. KSOPs were counted as 401(k)
plans unless otherwise noted. Mobile platforms reflect participant-focused
offerings only. Plan counts by plan type are not all-inclusive and will not
always match overall plan counts.
Although the following tables provide a wealth of
information, they contain only a small portion of each provider’s response to
the survey. To purchase an Excel spreadsheet that contains the full dataset of
responses from all 68 providers, including historical information, please
contact Michelle Judkins at firstname.lastname@example.org. Cost: $3,750.
Provider Listing Key
- New plans won: Count of new plans won during 2012
M&A in 2012: Did provider engage in a merger, acquisition or sale of
business in 2012?
Participation rate: Average participation rate for all plans recordkept by the
Deferral rate: Average deferral rate for all participants in plans recordkept
by the provider
% prop assets: % of recordkeeper’s own proprietary assets on its recordkeeping
Funds per plan: Average number of investment options offered in plans at the
- NR = Not reported by provider; NA = Not applicable to the provider
NOTE: A KSOP combines the features and benefits of an
employee stock ownership plan (ESOP) and a 401(k) plan. Employer contributions
to a KSOP are usually made with employer stock options.