RESEARCH |
2021
PLANADVISER Small-Plan Services Survey
Reported by PLANADVISER
| Art by Katherine Streeter
Providers
ADP Retirement Services
adp.com/what-we-offer/benefits/retirement.aspx
| 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 | 2,185 |
| Total SEP IRA assets (in $millions) | $20MM |
| Total SEP IRA accounts | 2,466 |
| SEP IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5305 (with designated firm) | Yes |
| Prototype document (either yours or the IRA custodian's) | No |
| Other (please specify): | No |
| SEP IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | >99% |
| 5 - 10 participants | <1% |
| >10 participants | <1% |
| SIMPLE IRA OVERVIEW | |
|---|---|
| Total SIMPLE IRA PLANS | 41,704 |
| Total SIMPLE IRA assets (in $millions) | $1.49B |
| Total SIMPLE IRA accounts | 154,665 |
| 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) | Yes |
| Other (please specify): | No |
| SIMPLE IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 94% |
| 5 - 10 participants | 4% |
| >10 participants | 2% |
| AVAILABLE INVESTMENT OPTIONS | |
|---|---|
| Proprietary or affiliated mutual funds | No |
| Other non-proprietary or affiliated mutual funds (via a fund clearing house) | Yes |
| 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 | No |
| Annual (or other periodic) plan administrative / processing fee | Yes |
| Custodial account fee or other periodic individual account charge (annual, monthly etc) | Yes |
| Asset based partcipant fees (other than fund operating expenses) | Yes |
| Commissions, Trading, or execution fees (individual account level) | No |
| NR = Not Reported | N/A = Not Applicable |
| Investment options and fees may vary by product. Contact provider for more information. |