Providers

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Benefit Consultants Group

DC ASSETS
Total DC assets ($MM) $6,532
DC Assets <$5MM63%
In plans with ≤10 participants13%
In plans with >10-50 participants20%
In plans with >50–500 participants 34%
In plans with >500 participants 32%
PLANS
Total DC plans9,210
DC plans <$5MM98%
In plans with ≤10 participants63%
In plans with >10-50 participants28%
In plans with >50-500 participants9%
In plans with >500 participants<1%
% serviced by Third Party AdministratorNR
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)150/person
Average tenure with recordkeeper7 years
Average years of experience in retirement12 years
Dedicated RMs for NQDC plans only?
Dedicated RMs for 403(b) plans only?
Dedicated RMs for 457 plans only?
Advisers given choice of RMs to support clients
NR = Not Reported. NA = Not Applicable.

ARCHIVE

Small Plan Services Survey