3 Based on Cerulli Associates' "Top-10 IRA Providers by AUA, 4Q 2018 - 4Q 2020." The 2015 Defined Contribution Survey from PLANSPONSOR measures and evaluates satisfaction levels with 401(k) and other DC providers, according to feedback from their plan sponsor clients across 23 distinct areas of participant and sponsor services. 2014 Recordkeeping Survey; 2013 Recordkeeper Services Guide; 2008 Recordkeeping Survey - What Provider To Work With; 2007 Recordkeeping Survey - Provider Choice; MOST POPULAR. Give us a call at 800-952-3343 to find out whether an ESOP can be right for your business, or talk to your . PORTLAND, Ore. Standard Insurance Company, (The Standard) has been awarded multiple honors based on the results of the PLANSPONSOR 2020 Best in Class Provider Survey, an annual survey of approximately 3,000 DC, or defined contribution, plan sponsors across the country. Accelerate is our 401(k) recordkeeping service for smaller retirement plans. Industry firms must activate key enabling technologies Of the 53 companies featured in the magazine's annual "Recordkeeping Survey," Newport was ranked #17 in overall plan assetsup one . Principal and Wells Fargo IRS combined Plansponsor.com data. As a complement to our Defined Contribution Surveywhich measures how satisfied DC clients are with their providersour annual Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics . #1. writer of pet insurance. Every year PlanSponsor Magazine lists out the most popular 401(k) recordkeeping companies; the 2019 survey is here. The Standard earns 48 Best in Class DC Provider honors and two top-five Net Promoter Score placements. Empower has 9.7 million participants as of June 30, 2020. #1. in 457 retirement plans. SOURCE John Hancock. contribution recordkeeping industry and the 110 million retirement savers it serves. (July 2019). Empower growth rate data from PLANSPONSOR magazine and RRI as of May 31, 2020. Plan administration made easy . 2 PLANSPONSOR Recordkeeping Survey, July 2020. 2 PLANSPONSOR Recordkeeping Survey, July 2019. So the timing may be right for these sponsors to take a fresh . 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . Future market share is subject to change and won't be updated until . Sample materials are for illustrative purposes only and do not represent the final product. Once again the data shows recordkeeping remains a low-margin business, subject to serious fee . John Hancock Retirement Plan Services LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. 2 Recordkeeper ranking according to number of participants from the 2020 Pension and Investments Defined Contribution Survey. 2 Based on PLANSPONSOR Magazine's "2021 Recordkeeping Survey," June 2021 and "Plan Administration Guide, Part 1" which offers insight into the provider marketplace for defined benefit (DB), stock . Newport was recognized with honors in all service areas measured in this important industry survey, which ranks a company's satisfication with their retirement plan provider. 3 PLANSPONSOR Magazine. PSCA's Annual Survey of Profit Sharing and 401(k) Plans is now in its sixth decade and offers the most comprehensive look at the defined contribution industry. 2 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Recordkeeping Survey, July 2021. Investment Flexibility and . PLANSPONSOR Recordkeeping Survey, July 2020. The impact of the pandemic on stress, finances, and well-being. source: 2015 PLANSPONSOR Recordkeeping Survey. Plan sponsors are also shifting their investment monitoring process. If you delegate to other providers such as a 3(38), you'll need to monitor as well. Paychex has also received the distinction of being the leading provider by number of plans added in 2019, with 17,693 new plans. (July 2019). The magazine categorizes plans into size by the total assets in the plan; those with less than $10 million in assets are more or less the "small business" plans. Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. PLANSPONSOR April-May 2022 View Past Issues Subscribe. 2020 Recordkeeping Survey Story: Plan Sponsor Due Diligence in a Demanding Time for Recordkeepers. Recordkeeping Survey. By John Manganaro. i "2022 Defined Recordkeeper Survey," PLANSPONSOR, 2022. ii .

July 01, 2022. It is estimated to account for 90% of the total DC market. institutional, tax-exempt active domestic fixed income . 97% Net Promoter Score in the 2020 PLANSPONSOR survey for the under $5 million category* * PLANSPONSOR 2020 Best in Class DC Providers, January 2021. These 55 providers of defined contribution recordkeeping services . Principal and Wells Fargo IRS combined Plansponsor.com data.

It was distributed to known providers of full-service and unbundled . . Retirement and Investor Services A leading provider of DC plans1 #1 provider of DB plans2 #1 provider of ESOP plans3 #5 Manager of Lifecycle Funds4 INDUSTRY LEADERSHIP Sources: 1 PLANSPONSOR Recordkeeeping Survey 6/12, 2 PLANSPONSOR, April 2012; 3PLANSPONSOR 6/12; 4Lifecycle Funds Study, Financial Research Group 3/12; 5U.S. If you are interested in joining a premier provider, apply today! They may do other things as well, but a record keeper's main function is to track how much you have, where it is, and what type of money it is (salary deferral, tax-deferred, taxable, employer-matched, etc). 1. 1 PLANSPONSOR Recordkeeping Survey, July 2020, Defined Contribution, total number of participants. Principal Financial Group (Nasdaq: PFG) is a global financial company with 17,000 employees 1 passionate about improving the wealth and well-being of people and businesses. In the magazine's annual "Recordkeeping Survey," Newport was #1 for new defined contribution plans added in 2020. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. 3 One provider is in reference to the plan recordkeeper or if applicable, Pooled Plan Provider. For stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) and TIAA-CREF Life Insurance Company (TIAA Life) are Focus on Three Key Areas: 99% of plan sponsors agree that they have a duty to prepare employees for retirement. 6. 2 Based on PLANSPONSOR Magazine's "2021 Recordkeeping Survey," June 2021 and "Plan Administration Guide, Part 1" which offers insight into the provider marketplace for defined benefit (DB), stock plan and health savings account (HSA) administration, May 2018. . Cogent Syndicated Retirement Planscape (May 2020).. 2 Top 3 defined contribution recordkeeper and top 3 401(k) recordkeeper by number of participants. Of the 53 companies featured in the magazine's annual "Recordkeeping Survey ," Newport was #17 in . Our annual survey of defined contribution (DC) plan sponsors has been the most important industry benchmark, measuring and evaluating DC plan providers according to feedback from their own clients. PLANSPONSOR magazine, a premier monthly publication reporting on the retirement industry, has again ranked Newport among the nation's largest and fastest growing defined contribution recordkeepers. 3 PLANSPONSOR Magazine. With the growing array of services being offered, sponsors should stay fixed on plan priorities when conducting an RFP. The . . Fewer Providers Due to Industry Consolidation. We're proud to continue to rank with the best. Researchers with J.P. Morgan Asset Management recently sat down with PLANADVISER to offer an early view of an interesting new case study, "Reverse the Search.". If you are interested in joining a premier provider, apply today! 6 According to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021. The ranking was announced as part of the annual 401(k) Recordkeeping Survey published by PLANSPONSOR magazine, a national publication dedicated to the pension and retirement industry. Asset allocation and diversification does not ensure a profit or protect against a loss. PLANSPONSOR April-May 2022 View Past Issues Subscribe. Based on data in PLANSPONSOR magazine's 2021 DC Recordkeeping Survey, combined 457, 403(b) and money purchase plan data as of June 21, 2021. Many industries were represented, led by manufacturers at 23% of responses; hospitals and health care firms at 13%; and insurers, utilities and financial institutions . PLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. (July 2019). 1 in satisfaction for plan sponsor and participant website and online capabilities. RECORD KEEPER. About Paychex Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. For its latest survey, Plansponsor looked into figures for the providers' statements regarding their retirement plan services. Best in class for plan sponsor service and support 1. The 2019 PLANSPONSOR Recordkeeping Survey is compiled from self-reported data submitted by recordkeepers of 401(k), 403(b), 457, nonqualified deferred compensation (NQDC) and other defined contribution (DC) plans, compiled information from 66 recordkeeping providers in the U.S. Talk to your clients about our streamlined solutions and award-winning service. 1 Based on number of plans, PLANSPONSOR Recordkeeping Survey, June 2018.. 2 As of May 31, 2019.. 3 As of May 31, 2018.. 4 As of December 31, 2018.. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. 1 in number of plans in ESOP, NQ, and Defined Benefit plans. We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). 2 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. The annual survey is used by plan sponsors to benchmark their plans and ensure that they are meeting their participants' needs and creating a competitive benefit, by advisors and providers to help plan sponsors evaluate their plans, and . We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). PLANSPONSOR magazine's 2021 Recordkeeping Survey. John Hancock Life Insurance Company (U.S.A.) (John Hancock USA), John Hancock Life Insurance Company of New York (John Hancock New York), and John Hancock Retirement Plan Services, LLC . Future market share is subject to change and won't be updated until next release of application data. JOHN . An award is earned by being one of the top three providers in a specific category or . 3 Employer-sponsored retirement plans are defined benefit or defined contribution. Newport's recordkeeping platform is fully integrated with our custodian platform, ensuring integrity of data and eliminating reporting delays. About PaychexPaychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital . 1 Ranked No. Finally, Paychex was also awarded as the largest recordkeeper by total plans with less than $10 million in assets. About our survey. PLANSPONSOR magazine published the annual Recordkeeping Survey, which ranked the company as a leader. Principal Custody Solutions is a top tier industry provider of custodial services. Fidelity ranked first in DC assets under administration and participants as of September 30, 2019 in Pensions & Investments' annual Defined Contribution Record Keepers Survey; and first in total recordkeeping assets and . recordkeeping services as the primary reason for changing for the first time in survey history. The State of Recordkeeping: Providers face constant pressure to evolveand survive. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. As the number-one recordkeeper of Employee Stock Ownership Plans, we can provide expertise and support you in setting up a plan that offers retirement savings primarily through employer stock and establishes an employee-owned company. The COVID-19 pandemic has changed the landscape of the American workforce. . Plan sponsors can show compassion for their recordkeepers, while at the same time ensuring their plans are operating smoothly. All organizations represented have been in business for at least three years, offer a 401 (k) or 403 (b) plan to their domestic U.S. employees and have at least 10 full-time employees. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service . Further, according to PLANSPONSOR's 2019 Recordkeeping Survey, there are a number of items related to the plan sponsor website that continuously are cited in RFPs, such as the mere existence of the site, cybersecurity systems, participant wellness metrics, plan analytics and retirement readiness tools. Survey demographics. In addition, we ranked #9 for total retirement . 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. 1 in number of plans in ESOP, NQ, and Defined Benefit plans.

Recordkeeping Survey. J.P. Morgan researchers offer an advanced look at a case study analysis suggesting a new approach to conducting adviser-supported recordkeeping RFPs. *DALBAR review of first-quarter 2020 . Principal and Wells Fargo IRT combined Plansponsor.com data. While using external entities for investment monitoring remained relatively the same, using internal staff declined 10 percentage points from 2017, from 49 percent to 39 percent. About Principal Financial Group Principal Financial Group (Nasdaq: PFG) is a global financial company with 18,000 employees 7 passionate about improving the wealth and well-being of people and businesses. Future market share is subject to change and won't be updated until next release of applicable data. Sample materials are for illustrative purposes only and do not represent the final product. ISS Store. Creative direction: Making sure to keep things are running smoothly despite the chaos. Like our Recordkeeping Survey on the defined contribution side of the market, the DB Administration Survey showcases providers in the DB marketwho the major players are, who they serve, what services they provide. 1 "2018 Defined Contribution Recordkeeper Survey," PLANSPONSOR, 2018.. 2 "2018 Spotlight Awards," Global Communications Competition, Participant Engagement, League of American Communications Professionals LLC (LACP).. John Hancock Retirement Plan Services, LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans.

We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). 1 Based on total number of recordkeeping plans, PLANSPONSOR Recordkeeping Survey, June 2020.. About Principal Financial Group . 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . Both companies work with fully-bundled and third party administrator (TPA) service models and both are . Latest News. PLANSPONSOR is the trusted research and solutions resource for America's retirement benefits decision makers. Due diligence is crucial . While defined contribution (DC) plans continue to grow in assets, number of plans, and participants, the number of recordkeeping service providers is declining. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 . "Plan sponsors should never have a 'set it and forget it' mindset as it relates to running a retirement plan, especially if the vendor is serving as a directed trustee," he says. Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey. 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. .

PLANSPONSOR Defined Benefit Administration Survey, May 2020. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. PLANSPONSOR magazine's 2021 Defined Contribution Survey. In addition to earning consecutive accolades as the largest recordkeeper by number of plans, Paychex also earned the distinction of being the leading provider by . Walnut Creek, CA Aug. 12, 2020 PLANSPONSOR magazine, a premier monthly publication reporting on the retirement industry, has again ranked Newport among the nation's largest and fastest growing defined contribution recordkeepers. Here's their list of the 2020 top 401(k) providers and followed by my . Future market share is subject to change and won't be updated until next release of applicable data.

Neuner says asking recordkeepers about adequate staffingparticularly as call volumes have been spikingis important for sponsors to do. 1 "2018 Defined Contribution Recordkeeper Survey," PLANSPONSOR, 2018. John Hancock Trust Company LLC provides trust and custodial services to such plans. Future market share is subject to change and . 51% of plans don't measure participant progress toward retirement preparedness. PLANSPONSOR magazine conducts an annual recordkeeping survey and in 2020 compiled self-reported data submitted by recordkeepers of defined contribution (DC) plans that represent more than $8.2 trillion in assets. Future market share is subject to change and won't be updated until next release of applicable data. 401 (k) record keepers track assets in retirement plans. 5. All respondents are key decision-makers for their organizations' DC plans. With over 180 full-time employees and alliances with some of the nation's leading service providers, the plan administration, technology, investment, and additional plan sponsor services available through the PlanMember Program collectively serve over 1.5 million individuals and has earned 64 "Best-in-Class" awards in PLANSPONSOR Magazine's 2020 Defined Contribution Survey. The . F ifty-eight percent of sponsors surveyed for the 2021 PLANSPONSOR Defined Contribution (DC) Plan Benchmarking Report said their organization has been using its DC plan recordkeeper for more than seven years, and another 12.3% . Our eighth annual survey of American workers highlights how respondents are feeling about their finances and well-beingand reveals a surprising opportunity for retirement plan professionals and sponsors. 6 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. North American Pet Health Insurance Assn, State of the Industry Report, 2021. Fifty-eight percent of sponsors surveyed for the 2021 PLANSPONSOR Defined Contribution (DC) Plan Benchmarking Report said their organization has been using its DC plan recordkeeper for more than seven years, and another 12.3% said it has been more than five years but less than seven.