PLANSPONSOR - June/July 2021 - 31

2021 RECORDKEEPING SURVEY | RESEARCH
NQDC Plans
Total NQDC Plan Assets, Plans and Participants
$175b
Total assets
$175b
$73b
2013
$80b
2015
$99b
2017
1 Fidelity Investments
2 Newport
$113b
3 Prudential Retirement
4 Bank of America Corp.
2019
2021
11,167

Total plans
11,167
2013
2015
770,185

Total participants
780,004
N
714,242
682,366
2013
2015
2017
2019
2021
8,306
7,774
2017
2019
780,173
2021
780,004
12 Alight Solutions
13 Principal Financial Group
14 Transamerica
15 ADP Retirement Services
onqualified deferred compensation
(NQDC) plans offer a taxdeferred
option to supplement
an existing qualified employer-sponsored
plan, such as a 401(k) plan. With the
NQDC comes the ability to take advantage
of pre-tax deferrals, tax-deferred growth
and compounded earnings.
The sponsor has two types of recordkeeper
arrangements to choose from:
The plan will either be bundled with the
sponsor's 401(k) provider or managed
by a specialist, says Brian O'Keefe of
PLANSPONSOR. " Overall, recordkeeping
NQDC plans can be difficult because of
the various investment strategies; eligibility
and deferral tracking; different rules
and regulations; and the fact that most of
these plans target executives. " In addition,
O'Keefe says, the number of trusted
providers is limited.
The bundled-vs.-unbundled decision
will determine how the request for
proposals (RFP) process is done, he says.
Unbundled providers typically are evaluated
like other providers are but asked
questions specific to the NQDC market.
" In my experience, " says Stephen
Mann, area senior vice president with
Gallagher Benefit Services, in Barrington
Hills, Illinois, " there are several important
questions to ask nonqualified recordkeepers. "
These,
he says, include: Does the
$2.8b
$1.6b
$1.5b
$1.4b
8,710
9,174
5 Empower Retirement
6 Nolan Financial
7 NFP
8 Schwab Retirement Plan Svcs
9 Voya Financial
10 T. Rowe Price
11 Conduent
$6.0b
$5.5b
$5.0b
$4.9b
$4.2b
$3.5b
$3.2b
$18.4b
$12.4b
$53.3b
$46.7b
Largest Providers, by
Total NQDC Plan Assets
recordkeeper have a dedicated 409A
administrative system? Can its system
manage a class-year plan and/or a distribution-based
plan? Can a client fund its
plan with mutual funds, corporate-owned
life insurance (COLI) and/or a combination
of the two? Will it automatically
rebalance the company's liability allocation
with the company's asset allocation?
Does the recordkeeping system allow a
company to partially fund its plan or to use
an asset investment lineup different from
the liability investment lineup? How many
consultants are dedicated to the nonqualified
platform? And does the recordkeeper
provide accounting, compliance and
funding services? -PS
PLANSPONSOR.COM June - July 2021 31

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PLANSPONSOR - June/July 2021

Table of Contents for the Digital Edition of PLANSPONSOR - June/July 2021

2021 Plan Sponsor of the Year Winners
2021 Recordkeeping Survey
The Right Provider Team
For the Best Collaboration
2021 PLANSPONSOR Service Stars
PLANSPONSOR - June/July 2021 - Cover1
PLANSPONSOR - June/July 2021 - Cover2
PLANSPONSOR - June/July 2021 - 1
PLANSPONSOR - June/July 2021 - 2
PLANSPONSOR - June/July 2021 - 3
PLANSPONSOR - June/July 2021 - 4
PLANSPONSOR - June/July 2021 - 5
PLANSPONSOR - June/July 2021 - 6
PLANSPONSOR - June/July 2021 - 7
PLANSPONSOR - June/July 2021 - 8
PLANSPONSOR - June/July 2021 - 9
PLANSPONSOR - June/July 2021 - 2021 Plan Sponsor of the Year Winners
PLANSPONSOR - June/July 2021 - 11
PLANSPONSOR - June/July 2021 - 12
PLANSPONSOR - June/July 2021 - 13
PLANSPONSOR - June/July 2021 - 14
PLANSPONSOR - June/July 2021 - 15
PLANSPONSOR - June/July 2021 - 16
PLANSPONSOR - June/July 2021 - 17
PLANSPONSOR - June/July 2021 - 18
PLANSPONSOR - June/July 2021 - 19
PLANSPONSOR - June/July 2021 - 20
PLANSPONSOR - June/July 2021 - 21
PLANSPONSOR - June/July 2021 - 2021 Recordkeeping Survey
PLANSPONSOR - June/July 2021 - 23
PLANSPONSOR - June/July 2021 - 24
PLANSPONSOR - June/July 2021 - 25
PLANSPONSOR - June/July 2021 - 26
PLANSPONSOR - June/July 2021 - 27
PLANSPONSOR - June/July 2021 - 28
PLANSPONSOR - June/July 2021 - 29
PLANSPONSOR - June/July 2021 - 30
PLANSPONSOR - June/July 2021 - 31
PLANSPONSOR - June/July 2021 - The Right Provider Team
PLANSPONSOR - June/July 2021 - 33
PLANSPONSOR - June/July 2021 - 34
PLANSPONSOR - June/July 2021 - 35
PLANSPONSOR - June/July 2021 - For the Best Collaboration
PLANSPONSOR - June/July 2021 - 37
PLANSPONSOR - June/July 2021 - 38
PLANSPONSOR - June/July 2021 - 2021 PLANSPONSOR Service Stars
PLANSPONSOR - June/July 2021 - 40
PLANSPONSOR - June/July 2021 - Cover3
PLANSPONSOR - June/July 2021 - Cover4
https://www.plansponsordigital.com/plansponsor/march_april_2024
https://www.plansponsordigital.com/plansponsor/january_february_2024
https://www.plansponsordigital.com/plansponsor/november_december_2023
https://www.plansponsordigital.com/plansponsor/september_october_2023
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https://www.plansponsordigital.com/plansponsor/may_june_2023
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https://www.plansponsordigital.com/plansponsor/october_november_2022
https://www.plansponsordigital.com/plansponsor/august_september_2022
https://www.plansponsordigital.com/plansponsor/june_july_2022
https://www.plansponsordigital.com/plansponsor/excellenceawards_2022
https://www.plansponsordigital.com/plansponsor/april_may_2022
https://www.plansponsordigital.com/plansponsor/february_march_2022
https://www.plansponsordigital.com/plansponsor/december_2021_january_2022
https://www.plansponsordigital.com/plansponsor/october_november_2021
https://www.plansponsordigital.com/plansponsor/august_september_2021
https://www.plansponsordigital.com/plansponsor/june_july_2021
https://www.plansponsordigital.com/plansponsor/april-may_2021
https://www.plansponsordigital.com/plansponsor/february-march_2021
https://www.plansponsordigital.com/plansponsor/december-january_2021
https://www.plansponsordigital.com/plansponsor/october-november_2020
https://www.plansponsordigital.com/plansponsor/august-september_2020
https://www.plansponsordigital.com/plansponsor/june-july_2020
https://www.plansponsordigital.com/plansponsor/april-may_2020
https://www.plansponsordigital.com/plansponsor/february-march_2020
https://www.plansponsordigital.com/plansponsor/december-january_2020
https://www.plansponsordigital.com/plansponsor/october-november_2019
https://www.plansponsordigital.com/plansponsor/august-september_2019
https://www.plansponsordigital.com/plansponsor/june-july_2019
https://www.plansponsordigital.com/plansponsor/april-may_2019
https://www.plansponsordigital.com/plansponsor/february-march_2019
https://www.plansponsordigital.com/plansponsor/december_2018-january_2019
https://www.plansponsordigital.com/plansponsor/october-november_2018
https://www.plansponsordigital.com/plansponsor/august-september_2018
https://www.plansponsordigital.com/plansponsor/june-july_2018
https://www.plansponsordigital.com/plansponsor/april-may_2018
https://www.plansponsordigital.com/plansponsor/february-march_2018
https://www.plansponsordigital.com/plansponsor/december_2017-january_2018
https://www.plansponsordigital.com/plansponsor/november_december_2017
https://www.plansponsordigital.com/plansponsor/october_2017
https://www.plansponsordigital.com/plansponsor/september_2017
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