PLANSPONSOR - September/October 2024 - 28

RESEARCH | 2024 RECORDKEEPING SURVEY
132.2MM
$12T
differently, industry observers expect that, in a few years, each
will offer a standard selection of retirement income options, and
sponsor offerings will not be recordkeeper dependent.
Another significant optional provision, for which plans and
$11T
113.8MM
$10T
117.7MM
$10.3T
their recordkeepers are still awaiting federal guidance, pertains
to so-called super catch-up contributions; this provision increases
the age 50 catch-up contribution limits for participants for four
$9.8T
Total Defined Contribution Plan Assets and Participants
$9T
$12T
$9.4T
2021
2022
Participants
Defined contribution assets
$11T
113.8MM
$10T
$9.8T
$9T
$9.4T
2021
60MM
2022
Defined Contribution Assets, by Plan Type
Participants
Defined contribution assets
n Single-employer 401(k)
n Pooled employer or multiple employer 401(k)*
n Single-employer 403(b)
$10.97t
n Pooled employer or multiple employer 403(b)*
n 457 - 457(b) / 457(f)
n Money purchase / Profit-sharing
n ESOP† / KSOP‡
n NQDC§
n State-sponsored||
n SEP / SIMPLE IRA¶
, excluding 457s
*
*
n Any other defined contribution plan type
*These plan types were not broken out in previous surveys. †
plan with a 401(k). §Nonqualified deferred compensation plan. ||
Savings incentive match plan for employees individual retirement account.
28 PLANSPONSOR.COM September - October 2024
Employee stock ownership plan. ‡
$7.29t
$65b
$1,325b
$11b
$551b
$362b
$196b
$183b
$1b
$8b
$975b
A qualified retirement plan combining an employee stock ownership
State-sponsored individual retirement plans-e.g., Secure Choice. ¶Simple employer pension plan/
2023
2024
117.7MM
$10.3T
2023
132.2MM
2024
129.6MM
$10.9T
120MM
60MM
150MM
of recordkeepers
offer multiple
48.5%
service models
90MM
96,904
DC recordkeeping
plans were added
in 2023
years starting the year they turn 60 to four years starting from
age 63. For that provision, at least one recordkeeper is using an
opt-out campaign, ensuring that plans that already allow catchups
will also offer the new option, unless a participant rejects it
when asked by the recordkeeper.
Barbara Delaney, principal in and founder of SS/RBA, a division
of Hub International Ltd., in Pearl River, New York, says,
129.6MM
$10.9T
120MM
90MM
150MM

http://www.PLANSPONSOR.COM

PLANSPONSOR - September/October 2024

Table of Contents for the Digital Edition of PLANSPONSOR - September/October 2024

insights
Rules and regulations
Participant analysis
Upfront
Calls to Action
2024 PLANSPONSOR National Conference
The Intensity of Implementation
Frontier of the New QDIAs
The Great Debate
Time for a Welfare Fiduciary Checkup
Loper Bright Reshapes The Regulatory Landscape
Managing Stress in HR
PLANSPONSOR - September/October 2024 - C1
PLANSPONSOR - September/October 2024 - FC1
PLANSPONSOR - September/October 2024 - FC2
PLANSPONSOR - September/October 2024 - C2
PLANSPONSOR - September/October 2024 - 1
PLANSPONSOR - September/October 2024 - insights
PLANSPONSOR - September/October 2024 - 3
PLANSPONSOR - September/October 2024 - Rules and regulations
PLANSPONSOR - September/October 2024 - 5
PLANSPONSOR - September/October 2024 - 6
PLANSPONSOR - September/October 2024 - Participant analysis
PLANSPONSOR - September/October 2024 - Upfront
PLANSPONSOR - September/October 2024 - 9
PLANSPONSOR - September/October 2024 - 10
PLANSPONSOR - September/October 2024 - 11
PLANSPONSOR - September/October 2024 - Calls to Action
PLANSPONSOR - September/October 2024 - 13
PLANSPONSOR - September/October 2024 - 14
PLANSPONSOR - September/October 2024 - 15
PLANSPONSOR - September/October 2024 - 2024 PLANSPONSOR National Conference
PLANSPONSOR - September/October 2024 - 17
PLANSPONSOR - September/October 2024 - 18
PLANSPONSOR - September/October 2024 - 19
PLANSPONSOR - September/October 2024 - 20
PLANSPONSOR - September/October 2024 - 21
PLANSPONSOR - September/October 2024 - 22
PLANSPONSOR - September/October 2024 - 23
PLANSPONSOR - September/October 2024 - 24
PLANSPONSOR - September/October 2024 - 25
PLANSPONSOR - September/October 2024 - The Intensity of Implementation
PLANSPONSOR - September/October 2024 - 27
PLANSPONSOR - September/October 2024 - 28
PLANSPONSOR - September/October 2024 - 29
PLANSPONSOR - September/October 2024 - 30
PLANSPONSOR - September/October 2024 - 31
PLANSPONSOR - September/October 2024 - Frontier of the New QDIAs
PLANSPONSOR - September/October 2024 - 33
PLANSPONSOR - September/October 2024 - 34
PLANSPONSOR - September/October 2024 - 35
PLANSPONSOR - September/October 2024 - The Great Debate
PLANSPONSOR - September/October 2024 - 37
PLANSPONSOR - September/October 2024 - Time for a Welfare Fiduciary Checkup
PLANSPONSOR - September/October 2024 - Loper Bright Reshapes The Regulatory Landscape
PLANSPONSOR - September/October 2024 - Managing Stress in HR
PLANSPONSOR - September/October 2024 - C3
PLANSPONSOR - September/October 2024 - C4
https://www.plansponsordigital.com/plansponsor/september_october_2024
https://www.plansponsordigital.com/plansponsor/july_august_2024
https://www.plansponsordigital.com/plansponsor/may_june_2024
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
https://www.plansponsordigital.com/plansponsor/july_august_2023
https://www.plansponsordigital.com/plansponsor/excellenceawards_2023
https://www.plansponsordigital.com/plansponsor/may_june_2023
https://www.plansponsordigital.com/plansponsor/march_april_2023
https://www.plansponsordigital.com/plansponsor/december_2022_february_2023
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
https://www.nxtbookmedia.com