RESEARCH |
2020
PLANADVISER Recordkeeper Services Survey
Reported by PLANADVISER
| Art by Eric Hanson
Providers
Principal Financial Group
www.principal.com
| SEP IRA OVERVIEW | |
|---|---|
| Total SEP IRA PLANS | 3,850 |
| Total SEP IRA assets (in $millions) | 466 |
| Total SEP IRA accounts | 7,759 |
| SEP IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5304 | |
| IRS form 5305 (with designated firm) | |
| Prototype document (either yours or the IRA custodian's) | |
| Other (please specify): | |
| SEP IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 97% |
| 5 - 10 participants | 2% |
| >10 participants | 1% |
| SIMPLE IRA OVERVIEW | |
|---|---|
| Total SIMPLE IRA PLANS | 7,127 |
| Total SIMPLE IRA assets (in $millions) | 1,158 |
| Total SIMPLE IRA accounts | 38,157 |
| SIMPLE IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5304 | |
| IRS form 5305 (with designated firm) | |
| Prototype document (either yours or the IRA custodian's) | |
| Other (please specify): | |
| SIMPLE IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 67% |
| 5 - 10 participants | 20% |
| >10 participants | 13% |
| AVAILABLE INVESTMENT OPTIONS | |
|---|---|
| Proprietary or affiliated mutual funds | NR |
| Other non-proprietary or affiliated mutual funds (via a fund clearing house) | NR |
| Proprietary or affiliated ETFs | NR |
| Other non-proprietary or affiliated ETFs (via a clearing house) | NR |
| Individual shares of stocks/securities | NR |
| Individual Bonds or Certificates of Deposit (outside of mutual funds) | NR |
| Other | NR |
| ACCOUNT FEES | |
|---|---|
| Plan setup fee | NR |
| Annual (or other periodic) plan administrative / processing fee | NR |
| Custodial account fee or other periodic individual account charge (annual, monthly etc) | NR |
| Asset based partcipant fees (other than fund operating expenses) | NR |
| Commissions, Trading, or execution fees (individual account level) | NR |
| Most Common Funding Method | Not reported |
|---|
| NR = Not Reported |