Providers

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July Business Services

DC ASSETS
Total DC assets ($MM) $3,431
DC Assets <$5MM58%
In plans with ≤10 participants21%
In plans with >10-50 participants44%
In plans with >50–500 participants 34%
In plans with >500 participants 1%
PLANS
Total DC plans2,353
DC plans <$5MM95%
In plans with ≤10 participants48%
In plans with >10-50 participants43%
In plans with >50-500 participants9%
In plans with >500 participants<1%
% serviced by Third Party Administrator100%
FEE STRUCTURES
Upfront commission (front-end load)
Finder's fee
Ongoing trail/commission
RIA fees/Hard-dollar fees
ERISA account/budget
SUPPORT SERVICES FOR ADVISERS
DC plan benchmarking
Access to ERISA counsel
Offers CE-eligible DC-specific training
Supports Advisor Managed Accounts
RELATIONSHIP MANAGEMENT (RM) TEAMS
Average case/client load (# plans/person)165
Average tenure with recordkeeper4
Average years of experience in retirement10
Dedicated RMs for NQDC plans only?NA
Dedicated RMs for 403(b) plans only?
Dedicated RMs for 457 plans only?NA
Advisers given choice of RMs to support clients
NR = Not Reported. NA = Not Applicable.

ARCHIVE

Small Plan Services Survey