The PLANSPONSOR Recordkeeping Survey (page 50)—our
19th—profiles 55 leading providers of defined contribution (DC)
recordkeeping services. These companies account for more than
$6 trillion in assets and are estimated to represent approximately
85% of the total DC market. Collectively, results from the survey
demonstrate the market’s evolution and point up some factors
to consider when selecting a recordkeeper partner. Online is a
detailed listing of each participating recordkeeper’s profile; in
this roundup is a view of the $6 billion marketplace, examining
how plan sizes and types fit into the overall landscape.
The PLANSPONSOR Participant Survey (page 51) tracks the behaviors, actions taken and preferences of employees of all types—
including those without access to a defined contribution plan as
well as those enrolled in one or opted out of one. This year’s survey
found rising levels of retirement confidence—despite varied
expectations of what retirement means—while raising new questions about how best to support participant needs. Highlighted in
this issue is how participants responded when asked to consider
various trade-off scenarios; online is comprehensive data about
preferences regarding savings and employer plans.
Target-Date Fund Buyer’s Guide
The data submitted for the PLANSPONSOR Target-Date Fund
(TDF) Buyer’s Guide (page 52) reinforces the prominence such
funds have attained in the retirement plan industry, adding a
range of new solutions across mutual funds and collective trusts
and gathering significant assets and inflows. As the options
increase, investment managers continue to evolve their products’ construction, and the guide gives plan sponsors points of
comparison. The proliferation of options is evident in the investment product suite listings provided online—the summary here
is a quick view of fund performance and provider asset size.
403 (b)/457 Buyer’s Guide
The PLANSPONSOR 403(b)/457 Buyer’s Guide (page 53) identifies providers of 403(b) and 457 plan administration services.
With over $1 trillion in assets, these plans play a critical role in
how more than 20 million employees of nonprofit and governmental organizations save for retirement. This year, we highlight
not only the overall marketplace sizing but the top five recordkeeping providers of such plans.
For more information on survey results or how to be
included in a future edition of a survey or buyer’s guide, email
Brian O’Keefe at firstname.lastname@example.org. —PS