RESEARCH |
2021
PLANADVISER Small-Plan Services Survey
Reported by PLANADVISER
| Art by Katherine Streeter
Providers
Capital Group | American Funds
capitalgroup.com
| SOLO 401(k) OVERVIEW | |
|---|---|
| Total Solo 401(k) PLANS | N/A |
| Total Solo 401(k) assets (in $millions) | N/A |
| Total Solo 401(k) participants | N/A |
| SEP IRA OVERVIEW | |
|---|---|
| Total SEP IRA PLANS | 112,265 |
| Total SEP IRA assets (in $millions) | $14.8B |
| Total SEP IRA accounts | 179,881 |
| SEP IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5305 (with designated firm) | NR |
| Prototype document (either yours or the IRA custodian's) | NR |
| Other (please specify): | NR |
| SEP IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 97% |
| 5 - 10 participants | 2% |
| >10 participants | 1% |
| SIMPLE IRA OVERVIEW | |
|---|---|
| Total SIMPLE IRA PLANS | 196,690 |
| Total SIMPLE IRA assets (in $millions) | $37.4B |
| Total SIMPLE IRA accounts | 978,740 |
| SIMPLE IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5304 | No |
| IRS form 5305 (with designated firm) | Yes |
| Prototype document (either yours or the IRA custodian's) | No |
| Other (please specify): | No |
| SIMPLE IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 74% |
| 5 - 10 participants | 14% |
| >10 participants | 12% |
| AVAILABLE INVESTMENT OPTIONS | |
|---|---|
| Proprietary or affiliated mutual funds | Yes |
| Other non-proprietary or affiliated mutual funds (via a fund clearing house) | No |
| Proprietary or affiliated ETFs | No |
| Other non-proprietary or affiliated ETFs (via a clearing house) | No |
| Individual shares of domestic stock/securities | No |
| Individual shares of international stock/securities | No |
| Individual Bonds or Certificates of Deposit (outside of mutual funds) | No |
| Other | No |
| ACCOUNT FEES | |
|---|---|
| Plan setup fee | Yes* |
| Annual (or other periodic) plan administrative / processing fee | No |
| Custodial account fee or other periodic individual account charge (annual, monthly etc) | Yes |
| Asset based partcipant fees (other than fund operating expenses) | No |
| Commissions, Trading, or execution fees (individual account level) | Yes |
| NR = Not Reported | N/A = Not Applicable |
| Investment options and fees may vary by product. Contact provider for more information. |
| *Account setup fee is charged at the participant level. |