2023
Recordkeeping Survey
Industry Snapshot
Methodology
The 2023 PLANSPONSOR Recordkeeping Survey was conducted in June via an online questionnaire. Thirty-nine recordkeepers of defined contribution plans participated, providing information as of December 31, 2022. Interpreting our overall findings through analysis in the 2023 Investment Company Fact Book, we estimated that these 39 providers account for 97% of the overall DC market. Providers of each plan type reported their overall plan assets and number of client plans and participants.
In the recordkeeper rankings section, listed are the top 10 largest recordkeepers in multiple categories, according to measurements such as overall assets, number of participants, assets per participant, etc. For aggregated results, see the provider profiles online; these feature details such as overall assets by plan type and participants by plan size, and note the availability of offerings including student loan repayment, managed accounts, financial wellness options and more.
To participate in the 2024 PLANSPONSOR Recordkeeping Survey, please email Surveys@issmediasolutions.com. —Kimberley Gonzalez-Quiles
Total Defined Contribution (DC) Plan Assets, by Plan Types
401(k)__ 403(b)__ 457__ Money purchase/profit sharing__ Employee stock ownership plan/KSOP†*__ Nonqualified deferred compensation__ State-sponsored*__ Other
$10.35T
$9.83T
$9.43T
$10T
$8T
$7.12T
$6.11T
$6.08T
$6T
$4.60T
$4T
$2T
$0
2013
2015
2017
2019
2021
2022
2023
$10.35T
$9.83T
$9.43T
$10T
$8T
$7.12T
$6.11T
$6.08T
$6T
$4.60T
$4T
$2T
$0
2013
2015
2017
2019
2021
2022
2023
$10.35T
$9.83T
$9.43T
$10T
$8T
$7.12T
$6.11T
$6.08T
$6T
$4.60T
$4T
$2T
$0
2013
2015
2017
2019
2021
2022
2023
$10.35T
$9.83T
$9.43T
$10T
$8T
$7.12T
$6.11T
$6.08T
$6T
$4.60T
$4T
$2T
$0
2013
2015
2017
2019
2021
2022
2023
†A qualified retirement plan combining an employee stock ownership plan with a 401(k)
*These plan types were not broken out in previous surveys;
Tenure with the Provider
43.5%
119,908
of recordkeepers offering multiple service models
DC recordkeeping plans added in 2022
43.5%
119,908
of recordkeepers offering multiple service models
DC recordkeeping plans added in 2022
43.5%
119,908
of recordkeepers offering multiple service models
DC recordkeeping plans added in 2022
43.5%
119,908
of recordkeepers offering multiple service models
DC recordkeeping plans added in 2022
