2019
PLANADVISER Recordkeeper Services Survey

Recordkeeping Industry Snapshot

The 2019 PLANADVISER Recordkeeper Services Survey utilizes data gathered in the 2019 PLANSPONSOR Recordkeeping Survey. That annual survey is compiled from self-reported data submitted by recordkeepers of 401(k), 403(b), 457, nonqualified deferred compensation (NQDC) and other defined contribution (DC) plans. This year’s survey differs from past iterations in that it excludes SEP [Simplified Employee Pension] and SIMPLE IRA [Savings Incentive Match Plan for Employees individual retirement account] plans, a change that had a material impact on a handful of providers and that merits consideration when looking for trends in the data. These two markets will be covered in a future issue.

Of the 56 participating recordkeepers, 45 claim to serve the intermediary market and are featured in the grid on pages 36 and 37. These firms supplied information on the types of intermediaries they work with, fee structures used, and support services to advisers and other intermediary types. All data are as of December 31, 2018. Readers are encouraged to follow up with providers directly for further detail on the scope and availability of service offerings. For information on licensing the supporting data on all 56 recordkeepers or to learn how to participate in the 2020 PLANSPONSOR Recordkeeping Survey, please email surveys@strategic-i.com. —Brian O’Keefe