RESEARCH |

2020
PLANADVISER Recordkeeper Services Survey

Reported by PLANADVISER | Art by Eric Hanson
Providers
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Providers

Fidelity Investments

www.Fidelity.com/smallbusiness

SEP IRA OVERVIEW
Total SEP IRA PLANS492,000
Total SEP IRA assets (in $millions)71,700
Total SEP IRA accounts495,900
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 participantsNR
5 - 10 participantsNR
>10 participantsNR
SIMPLE IRA OVERVIEW
Total SIMPLE IRA PLANS125,000
Total SIMPLE IRA assets (in $millions)20,704
Total SIMPLE IRA accounts390,700
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 participantsNR
5 - 10 participantsNR
>10 participantsNR
AVAILABLE INVESTMENT OPTIONS
Proprietary or affiliated mutual funds
Other non-proprietary or affiliated mutual funds (via a fund clearing house)
Proprietary or affiliated ETFs
Other non-proprietary or affiliated ETFs (via a clearing house)
Individual shares of stocks/securities
Individual Bonds or Certificates of Deposit (outside of mutual funds)
Other
ACCOUNT FEES
Plan setup fee
Annual (or other periodic) plan administrative / processing fee
Custodial account fee or other periodic individual account charge (annual, monthly etc)
Asset based partcipant fees (other than fund operating expenses)
Commissions, Trading, or execution fees (individual account level)
Most Common Funding MethodNot reported
NR = Not Reported