2016
PLANADVISER Recordkeeper Services Guide
Retirement plan advisers may often find themselves in the role of matchmaker: working with a defined contribution (DC) client to determine which investments and platforms or providers are the best fit. To be in a top position to guide the client, an adviser must keep abreast of the provider community, so as to stay current on what products and services are available to suit each client’s needs.
Industry Snapshot
Total Assets, Plans and Participants by Plan Type
Total Assets, Plans and Participants by Plan Type~
ASSETS ($MM)
PLANS
PARTICIPANTS
401(k)
$4,232,186
509,990
61,616,922
403(b)
$827,515
175,141
16,123,557
457
$294,239
39,628
6,882,724
Profit sharing
$161,081
25,192
3,165,830
Money purchase
$115,346
12,941
2,094,357
Nonqualified deferred compensation
$101,295
9,272
772,684
ESOP*/KSOP^
$92,410
1,624
1,021,863
All other
$163,033
62,856
5,280,332
Total
$5,987,104
836,644
96,958,269
Footnote: ~ Where necessary, industry data is extrapolated to account for gaps in reporting.;*Employee stock ownership plan; ^A KSOP combines the features and benefits of an ESOP and a 401(k) plan.