Providers
Voya Financial
DC ASSETS | |
---|---|
Total DC assets ($MM) | $458,455 |
DC Assets <$5MM | 9% |
In plans with ≤10 participants | 2% |
In plans with >10-50 participants | 7% |
In plans with >50–500 participants | 14% |
In plans with >500 participants | 77% |
PLANS | |
---|---|
Total DC plans | 51,389 |
DC plans <$5MM | 87% |
In plans with ≤10 participants | 50% |
In plans with >10-50 participants | 32% |
In plans with >50-500 participants | 15% |
In plans with >500 participants | 3% |
% serviced by Third Party Administrator | 74%† |
FEE STRUCTURES | |
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Upfront commission (front-end load) | |
Finder's fee | |
Ongoing trail/commission | |
RIA fees/Hard-dollar fees | |
ERISA account/budget |
SUPPORT SERVICES FOR ADVISERS | |
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DC plan benchmarking | |
Access to ERISA counsel | |
Offers CE-eligible DC-specific training | |
Supports Advisor Managed Accounts |
RELATIONSHIP MANAGEMENT (RM) TEAMS | |
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Average case/client load (# plans/person) | Varies |
Average tenure with recordkeeper | 10 years‡ |
Average years of experience in retirement | 18 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 | In certain situations |
NR = Not Reported. NA = Not Applicable. |
†TPA percentage is for small to medium plans only. |
‡Average across all markets. |