With the growing array of services being offered, sponsors should stay fixed on plan priorities when conducting an RFP. PLANSPONSOR magazine's 2021 Defined Contribution Survey. RECORD KEEPER. 2 PLANSPONSOR Recordkeeping Survey, July 2019. PLANSPONSOR Magazine June 2005 issue annual recordkeeping survey cover illustration

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.

Thursday, the Dow lost 253.88 points (0.82%) to 30,775.43, the Nasdaq fell 149.16 points (1.35%) to 11,028.74 and the S&P 500 dropped 33.45 points (0.88%) to 3,785.38. For the eleventh consecutive year, Paychex, Inc. , has earned distinction as the largest 401 (k) recordkeeper by total number of 401 (k) plans. The COVID-19 pandemic has changed the landscape of the American workforce. 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. Survey demographics. According to PLANSPONSOR's 2012 Recordkeeping Survey, $29 billion of The Hartford's recordkeeping assets are with plans of size $10 million and less, while MassMutual has nearly $35 billion in the $1 million to $200 million plan market. . Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. Future market share is subject to change and . PLANSPONSOR Defined Benefit Administration Survey, May 2020. (July 2019). 401 (k) record keepers track assets in retirement plans. Best in class for plan sponsor service and support 1. Investing involves risk, including possible loss of principal. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 . PLANSPONSOR magazine published the annual Recordkeeping Survey, which ranked the company as a leader. 2 PLANSPONSOR Recordkeeping Survey, July 2019.

Talk to your clients about our streamlined solutions and award-winning service. The . 3 PLANSPONSOR Magazine. 5. SOURCE John Hancock. Neuner says asking recordkeepers about adequate staffingparticularly as call volumes have been spikingis important for sponsors to do. 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. (July 2019). Of the 53 companies featured in the magazine's annual "Recordkeeping Survey ," Newport was #17 in . To purchase a survey or report online, please sort by brand and browse the selection below (all prices are shown in U.S. dollars). John Hancock Trust Company LLC provides trust and custodial services to such plans. Fewer Providers Due to Industry Consolidation.

Plan administration made easy . Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey. 3 PLANSPONSOR Magazine. Cogent Syndicated Retirement Planscape (May 2020).. 2 Top 3 defined contribution recordkeeper and top 3 401(k) recordkeeper by number of participants. If you delegate to other providers such as a 3(38), you'll need to monitor as well. *DALBAR review of first-quarter 2020 . The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, . Principal and Wells Fargo IRT combined Plansponsor.com data. 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. Latest News. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. 6 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. recordkeeping services as the primary reason for changing for the first time in survey history. 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. Here's their list of the 2020 top 401(k) providers and followed by my . Asset allocation and diversification does not ensure a profit or protect against a loss. 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . Industry firms must activate key enabling technologies In the magazine's annual "Recordkeeping Survey," Newport was #1 for new defined contribution plans added in 2020. Introduction. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. Every year PlanSponsor Magazine lists out the most popular 401(k) recordkeeping companies; the 2019 survey is here. *Registered as the Newport Secure Retirement Pooled Employer Plan with the Department . Paychex has also received the distinction of being the leading provider by number of plans added in 2019, with 17,693 new plans. Ranking is based on total number of DB plans. . 1 Fidelity Institutional Asset Management , "Plan Sponsor Attitudes," 11th Edition, 2020.. 2 This statement is based on the results of two independent media surveys. Empower growth rate data from PLANSPONSOR magazine and RRI as of May 31, 2020. PLANSPONSOR April-May 2022 View Past Issues Subscribe. ISS Store. PLANSPONSOR, 2021 Recordkeeping Survey. All respondents are key decision-makers for their organizations' DC plans. North American Pet Health Insurance Assn, State of the Industry Report, 2021. 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. Of the 53 companies featured in the magazine's annual "Recordkeeping Survey," Newport was ranked #17 in overall plan assetsup one . With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability to reach this influential audience. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2020. Principal and Wells Fargo IRS combined Plansponsor.com data. Accelerate is our 401(k) recordkeeping service for smaller retirement plans.

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. * Contact PlanMember at (800) 874-6910 to learn more. 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. 1 in number of plans in ESOP, NQ, and Defined Benefit plans. 6. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019.

For example, Empower Retirement was established as a rebrand of Great-West Retirement . 1 Ranked 24th in number of fee-based advisors in 2019 by Investment News The ranking was announced as part of the annual Recordkeeping Survey published by PLANSPONSOR magazine, a national publication dedicated to the pension and retirement industry. 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 . The Standard earns 48 Best in Class DC Provider honors and two top-five Net Promoter Score placements. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. 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. . Creative direction: Making sure to keep things are running smoothly despite the chaos. 3 PLANSPONSOR Magazine.

If you are interested in joining a premier provider, apply today! Investment Flexibility and . 2 50% of the qualified startup costs paid or incurred, but limited to the . 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 . We surveyed 838 plan sponsors from January through March, 2019. 6 According to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021. (July 2019). PLANSPONSOR magazine's 2021 Recordkeeping Survey. . 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 . We're proud to continue to rank with the best. 51% of plans don't measure participant progress toward retirement preparedness.

About Paychex Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. 1 PLANSPONSOR Recordkeeping Survey, July 2020, Defined Contribution, total number of participants. "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. In business for more than 140 years, we're helping more than 34 million customers 2 plan . Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. Finally, Paychex was also awarded as the largest recordkeeper by total plans with less than $10 million in assets. Future market share is subject to change and won't be updated until next release of applicable data. 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. Future market share is subject to change and won't be updated until . 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. 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 . 1 in number of plans in ESOP, NQ, and Defined Benefit plans. These 55 providers of defined contribution recordkeeping services . 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. i "2022 Defined Recordkeeper Survey," PLANSPONSOR, 2022. ii . Future market share is subject to change and won't be updated until next release of application data. In addition, we ranked #9 for total retirement . By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service . Once again the data shows recordkeeping remains a low-margin business, subject to serious fee . institutional, tax-exempt active domestic fixed income . 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. 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. In addition to earning consecutive recognitions as the largest 401(k) recordkeeper by number of plans, Paychex earned the distinction of being the leading provider by . 97% Net Promoter Score in the 2020 PLANSPONSOR survey for the under $5 million category* * PLANSPONSOR 2020 Best in Class DC Providers, January 2021. 2 By number of 401(k) plans PLANSPONSOR Recordkeeping Survey, July 2020. PLANSPONSOR April-May 2022 View Past Issues Subscribe. 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). About our survey. Recordkeeping Survey. 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. #1. writer of pet insurance. While defined contribution (DC) plans continue to grow in assets, number of plans, and participants, the number of recordkeeping service providers is declining. Future market share is subject to change and won't be updated until next release of applicable data. 2 PLANSPONSOR Recordkeeping Survey, July 2019. The . Recordkeeping Survey. The ranking was announced as part of PLANSPONSOR magazine 's annual Recordkeeping Survey, a national publication dedicated to the pension and retirement . 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. * From changing demographics and rising customer expectations to regulatory complexity and cybersecurity concerns, unprecedented business challenges are being exacerbated by aging, legacy technology. 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of . #1. in 457 retirement plans. 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. 1 Based on total number of recordkeeping plans, PLANSPONSOR Recordkeeping Survey, June 2020.. About Principal Financial Group .

PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 / issgovernance.com. 2 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Recordkeeping Survey, July 2021. Thorough Analysis: Recordkeepers' consistent evolution has led them to offer a wide range of investments, technology and servicing options today. 1 in number of plans in ESOP, NQ, and Defined Benefit plans. John Hancock Retirement Plan Services LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans.

About PaychexPaychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital . It was distributed to known providers of full-service and unbundled . By John Manganaro.

1 in satisfaction for plan sponsor and participant website and online capabilities. 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 .

The 2020 Defined Contribution Plan Sponsor Survey, conducted in September 2020, drew responses from 464 U.S. sponsors in the Willis Towers Watson client base. Escalent. .

July 01, 2022.

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. Empower has 9.7 million participants as of June 30, 2020. 1. 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 . 6 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. Due diligence is crucial . Sample materials are for illustrative purposes only and do not represent the final product. 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 . Thursday, the Dow lost 253.88 points (0.82%) to 30,775.43, the Nasdaq fell 149.16 points (1.35%) to 11,028.74 and the S&P 500 dropped 33.45 points (0.88%) to 3,785.38. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. 3 Employer-sponsored retirement plans are defined benefit or defined contribution.

These include participant services, sponsor services and support, investments and . 2020 Recordkeeping Survey Story: Plan Sponsor Due Diligence in a Demanding Time for Recordkeepers. Based on number of plans. Recordkeeping Survey. 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. PLANSPONSOR is the trusted research and solutions resource for America's retirement benefits decision makers. J.P. Morgan researchers offer an advanced look at a case study analysis suggesting a new approach to conducting adviser-supported recordkeeping RFPs. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 / issgovernance.com. 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. Thorough Analysis: Recordkeepers' consistent evolution has led them to offer a wide range of investments, technology and servicing options today. PLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. Principal Custody Solutions is a top tier industry provider of custodial services. 1 "2018 Defined Contribution Recordkeeper Survey," PLANSPONSOR, 2018. If you are interested in joining a premier provider, apply today! source: 2015 PLANSPONSOR Recordkeeping Survey. 1 Awards received from the Planadviser survey, 2019. 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.. 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.". Newport's recordkeeping platform is fully integrated with our custodian platform, ensuring integrity of data and eliminating reporting delays. Recordkeeping fees may be paid by employers, employees, or both. OneAmerica earned recognition as a Best in Class retirement-plan industry recordkeeper as measured by PLANSPONSOR magazine in its 2020 Annual Defined Contribution (DC) Survey.. OneAmerica received 86 Best in Class awards (each represented by a trophy, or Cup) placing the company third among 17 competitors. Focus on Three Key Areas: 99% of plan sponsors agree that they have a duty to prepare employees for retirement. . . It is estimated to account for 90% of the total DC market. Plan sponsors can show compassion for their recordkeepers, while at the same time ensuring their plans are operating smoothly. An award is earned by being one of the top three providers in a specific category or . Both companies work with fully-bundled and third party administrator (TPA) service models and both are . 2 Recordkeeper ranking according to number of participants from the 2020 Pension and Investments Defined Contribution Survey. We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). In addition, plan sponsor and participant websites provided through the PlanMember Program have consistently ranked in the Top 10 of DALBAR reviews for more than a decade. 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. 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. 66% of sponsors who measure progress feel better about employees' retirement preparedness. Future market share is subject to change and won't be updated until next release of applicable data. 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. Sep 07, 2021. . 3 One provider is in reference to the plan recordkeeper or if applicable, Pooled Plan Provider.

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. Recordkeeping Survey. 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. PLANSPONSOR Recordkeeping Survey, July 2020. Principal and Wells Fargo IRS combined Plansponsor.com data. Principal and Wells Fargo IRS combined Plansponsor.com data. Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. 2 PLANSPONSOR Recordkeeping Survey, July 2019. The impact of the pandemic on stress, finances, and well-being. 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . 2 PLANSPONSOR Recordkeeping Survey, July 2020. contribution recordkeeping industry and the 110 million retirement savers it serves. Sample materials are for illustrative purposes only and do not represent the final product. Many industries were represented, led by manufacturers at 23% of responses; hospitals and health care firms at 13%; and insurers, utilities and financial institutions . 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. 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. 3 Based on Cerulli Associates' "Top-10 IRA Providers by AUA, 4Q 2018 - 4Q 2020." Walnut Creek, CA Sept. 7, 2021 PLANSPONSOR magazine has ranked Newport as one of the industry's largest and fastest growing retirement services providers. 2014 Recordkeeping Survey; 2013 Recordkeeper Services Guide; 2008 Recordkeeping Survey - What Provider To Work With; 2007 Recordkeeping Survey - Provider Choice; MOST POPULAR. For its latest survey, Plansponsor looked into figures for the providers' statements regarding their retirement plan services. 2. Give us a call at 800-952-3343 to find out whether an ESOP can be right for your business, or talk to your . We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). Plan sponsors are also shifting their investment monitoring process.

The State of Recordkeeping: Providers face constant pressure to evolveand survive. 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. The company serves more than 90,000 plans. 1 Ranked No. The guarantee applies to employer sponsored defined benefit or defined contribution plans and is effective for unauthorized activity that occurs on or after Aug. 10 . 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. JOHN . So the timing may be right for these sponsors to take a fresh . 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% .