RESEARCH |
2020
PLANADVISER Recordkeeper Services Survey
Reported by PLANADVISER
| Art by Eric Hanson
Providers
ADP Retirement Services
www.adp.com/what-we-offer/benefits/retirement.aspx
| SEP IRA OVERVIEW | |
|---|---|
| Total SEP IRA PLANS | 1,719 |
| Total SEP IRA assets (in $millions) | 13 |
| Total SEP IRA accounts | 2,190 |
| SEP IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5304 | |
| IRS form 5305 (with designated firm) | |
| Prototype document (either yours or the IRA custodian's) | |
| Other (please specify): | |
| SEP IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 95% |
| 5 - 10 participants | 4% |
| >10 participants | 1% |
| SIMPLE IRA OVERVIEW | |
|---|---|
| Total SIMPLE IRA PLANS | 40,092 |
| Total SIMPLE IRA assets (in $millions) | 1,225 |
| Total SIMPLE IRA accounts | 128,992 |
| SIMPLE IRA PLAN DOCUMENT TYPES ACCEPTED | |
|---|---|
| IRS form 5304 | |
| IRS form 5305 (with designated firm) | |
| Prototype document (either yours or the IRA custodian's) | |
| Other (please specify): | |
| SIMPLE IRA PLANS BY PARTICIPANT COUNT | |
|---|---|
| <5 participants | 70% |
| 5 - 10 participants | 25% |
| >10 participants | 5% |
| AVAILABLE INVESTMENT OPTIONS | |
|---|---|
| Proprietary or affiliated mutual funds | |
| Other non-proprietary or affiliated mutual funds (via a fund clearing house) | |
| Proprietary or affiliated ETFs | |
| Other non-proprietary or affiliated ETFs (via a clearing house) | |
| Individual shares of stocks/securities | |
| Individual Bonds or Certificates of Deposit (outside of mutual funds) | |
| Other | |
| ACCOUNT FEES | |
|---|---|
| Plan setup fee | |
| Annual (or other periodic) plan administrative / processing fee | |
| Custodial account fee or other periodic individual account charge (annual, monthly etc) | |
| Asset based partcipant fees (other than fund operating expenses) | |
| Commissions, Trading, or execution fees (individual account level) | |
| Most Common Funding Method | Payroll file transmission |
|---|
| NR = Not Reported |