PLANSPONSOR - August/September 2018 - 47

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. †
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
>$1B
Recordkeeping Platform:
Proprietary system; FIS Omni
*BPAS is a member of Alliance Benefi t Group, which is ranked/reported separately and includes BPAS totals.
NR = not reported in time for publication.
32 PLANSPONSOR.com June-July 2018
24 PLANSPONSOR.com June-July 2018
% serviced direct
7,925 /#25
57%
43%
259,163/#38
174,319
71,500
12,098
1,246
NQDC
Other
Assets ($MM)†
$907,645
$799,595
$869,501
$1,454,258
$3,421,745

$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
457
Not all providers report co
$13
$3,190/#55
$3,113
$55
$6
$3
Total Number of Plans
% serviced direct
% intermediary
Total Participants
<$10MM
$10MM - $50MM
>$50MM - $200MM
>$200MM - $1B
>$1B
Recordkeeping Platform:
Proprietary system; FIS Relius
3,365 /#3
50%
50%
72,480
70,62
1,8
Participants†
22,407,447
14,660,540
14,473,825
19,699,583
32,504,827
Top 2
Share of Total Defi ned
Contribution Plan Market
Top 5 Recordkeepers

Assets
54%

Pla
12

Participants
43%
$193,227/#12
$138,517
$1,228
$9
$2,094
$51,379
Top 10 Recordkee

Assets
71%
$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 survey data on plansponsor.com in
the Research section (requires free registration).
Readers will also find more in-depth profiles
of provider's capabilities and experience with
servicing different types of plans in our related
Buyer's Guides.
 Excel Data
Even more data on recordkeeper capabilities
and experience 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.

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PLANSPONSOR - August/September 2018

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