Providers
Equitable Financial Life Insurance Company
DC ASSETS | |
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Total DC assets ($MM) | $39,724 |
DC Assets <$5MM | 38% |
In plans with ≤10 participants | 9% |
In plans with >10-50 participants | 16% |
In plans with >50–500 participants | 49% |
In plans with >500 participants | 26% |
PLANS | |
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Total DC plans | 25,706 |
DC plans <$5MM | 94% |
In plans with ≤10 participants | 61% |
In plans with >10-50 participants | 25% |
In plans with >50-500 participants | 14% |
In plans with >500 participants | 1% |
% serviced by Third Party Administrator | 9% |
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) | 10 to 20 plans |
Average tenure with recordkeeper | 10 years |
Average years of experience in retirement | 15 to 20 years |
Dedicated RMs for NQDC plans only? | NA |
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. |