PLANSPONSOR - June/July 2018 - 22

2018 Plan Administration Guide, Part 2: Recordkeeping Survey
Breaking down the DC industry by plan type
E
ach June for the past 20 years, PLANSPONSOR has published its annual Defined Contribution (DC)
Recordkeeping Survey, a quantitative listing of DC providers. This year, we have renamed it and changed
how we organized the data, to better provide snapshots of various DC industry segments.
On the next few pages, the 2018 PLANSPONSOR Plan Administration Guide, Part 2, is broken
into four types of plans: 401(k), 403(b), 457 and nonqualified deferred compensation (NQDC). (Part 1, in
PLANSPONSOR April-May, explored the provider marketplace for defined benefit [DB] plan, stock plan and
health savings account [HSA] administration.) The decision to examine the markets in this way was, in part,
driven by a recognition that plan sponsors focus on their own plan type and size when considering provider
offerings. After the segment snapshots, we continue our practice of listing individual provider profiles.
As discussed on the following pages, within the 401(k) market, for instance, smaller plans may seek
out adviser-centric service providers, and larger plans may want a vendor that can customize their platform.
Annuity-based 403(b) providers have evolved their offerings to resemble their financial industry competitors',
and governmental 457(b) plans provide some benefits of 401(k) plans along with others uniquely their
own. Nongovernmental 457 plans are limited in whom they serve, their market dominated by four service
providers. The NQDC plan market, once serviced by two distinct types of providers, is now more blended.
In total, the guide presents 63 service providers, which manage a combined 1,330,571 DC plans. As
to the individual service models, the 401(k) plan segment has assets of over $5 trillion on recordkeepers'
savings platforms; 403(b) plans have over $1 trillion in assets managed; 457 plans have $371 billion; and
NQDC plans have $152 billion. Combined, this reflects an increase of 23% from the previous survey and
the strong market returns of 2017. -PS
22 PLANSPONSOR.com June-July 2018
Art by Julie Benbassat

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PLANSPONSOR - June/July 2018

Table of Contents for the Digital Edition of PLANSPONSOR - June/July 2018

Opportunities Knock
2018 Plan Administration Guide, Part 2
Narrowing It Down
ESG Comes to Light
Protection at All Costs
The Sum of All Sources
Upwardly Mobile
PLANSPONSOR - June/July 2018 - C1
PLANSPONSOR - June/July 2018 - FC1
PLANSPONSOR - June/July 2018 - FC2
PLANSPONSOR - June/July 2018 - C2
PLANSPONSOR - June/July 2018 - 1
PLANSPONSOR - June/July 2018 - 2
PLANSPONSOR - June/July 2018 - 3
PLANSPONSOR - June/July 2018 - 4
PLANSPONSOR - June/July 2018 - 5
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PLANSPONSOR - June/July 2018 - 7
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PLANSPONSOR - June/July 2018 - 12
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PLANSPONSOR - June/July 2018 - 14
PLANSPONSOR - June/July 2018 - 15
PLANSPONSOR - June/July 2018 - 16
PLANSPONSOR - June/July 2018 - 17
PLANSPONSOR - June/July 2018 - Opportunities Knock
PLANSPONSOR - June/July 2018 - 19
PLANSPONSOR - June/July 2018 - 20
PLANSPONSOR - June/July 2018 - 21
PLANSPONSOR - June/July 2018 - 2018 Plan Administration Guide, Part 2
PLANSPONSOR - June/July 2018 - 23
PLANSPONSOR - June/July 2018 - 24
PLANSPONSOR - June/July 2018 - 25
PLANSPONSOR - June/July 2018 - 26
PLANSPONSOR - June/July 2018 - 27
PLANSPONSOR - June/July 2018 - 28
PLANSPONSOR - June/July 2018 - 29
PLANSPONSOR - June/July 2018 - 30
PLANSPONSOR - June/July 2018 - 31
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PLANSPONSOR - June/July 2018 - 36
PLANSPONSOR - June/July 2018 - 37
PLANSPONSOR - June/July 2018 - 38
PLANSPONSOR - June/July 2018 - 39
PLANSPONSOR - June/July 2018 - 40
PLANSPONSOR - June/July 2018 - 41
PLANSPONSOR - June/July 2018 - Narrowing It Down
PLANSPONSOR - June/July 2018 - 43
PLANSPONSOR - June/July 2018 - 44
PLANSPONSOR - June/July 2018 - 45
PLANSPONSOR - June/July 2018 - ESG Comes to Light
PLANSPONSOR - June/July 2018 - 47
PLANSPONSOR - June/July 2018 - 48
PLANSPONSOR - June/July 2018 - 49
PLANSPONSOR - June/July 2018 - Protection at All Costs
PLANSPONSOR - June/July 2018 - 51
PLANSPONSOR - June/July 2018 - The Sum of All Sources
PLANSPONSOR - June/July 2018 - 53
PLANSPONSOR - June/July 2018 - Upwardly Mobile
PLANSPONSOR - June/July 2018 - 55
PLANSPONSOR - June/July 2018 - 56
PLANSPONSOR - June/July 2018 - C3
PLANSPONSOR - June/July 2018 - C4
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