SURVEY | June 30, 2023 2023 Recordkeeping Survey Reported by PLANSPONSOR | Art by Jam Dong Industry Snapshot Navigation State of the IndustryIndustry SnapshotRecordkeeping Industry Snapshot401(k) Plans403(b) Plans457 PlansNQDC PlansProvider RankingsProvidersADP Retirement ServicesAlerus Retirement and BenefitsAlightAmeritasAscensusBank of America CorporationBOK FinancialCapital Group, home of American FundsCorebridge Retirement Services*Correll Co.CUNA Mutual GroupEmpowerEPIC Retirement Plan ServicesEquitableFidelity InvestmentsGuidelineGuideStone Financial ResourcesHuman InterestJ.P. Morgan Asset ManagementJohn HancockJuly Business ServicesLincoln Financial GroupMilliman, Inc.MissionSquare Retirement (formerly ICMA-RC)Mutual of America Financial GroupNationwideNWPSOneAmericaPaychex, Inc.PCS RetirementPrincipal Financial GroupSchwab Retirement Plan Services, Inc.Sentinel GroupT. Rowe PriceThe StandardTIAATransamericaVanguardVoya Financial 2024202320222021202020192018201720162015201420132012201120102009 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 PURCHASE REPRINTWANT MORE INFO? Industry Snapshot 457 Plans Total assets Total plans Total participants 40,680 8,701,735 $493B Total assets Total plans Total participants 40,680 8,701,735 $493B Total assets Total plans Total participants 40,680 8,701,735 $493B Total assets Total plans Total participants 40,680 8,701,735 $493B Total 457 Plan Assets2013$229B2015$451B2017$316B2019$357B2021$498B2022$553B2023$493B Total 457 Plans201337,482201538,775201739,367201941,169202145,796202239,112202340,680 Total 457 Plan Participants20136.1MM20156.7MM20176.9MM20197.8MM20218.6MM20228.2MM20238.7MM Looking for a PDF copy? Visit our Store! visit