1 in number of plans in ESOP, NQ, and Defined Benefit plans. 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. If you delegate to other providers such as a 3(38), you'll need to monitor as well. 2 PLANSPONSOR Recordkeeping Survey, July 2020. 6 According to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021. 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 . Principal and Wells Fargo IRS combined Plansponsor.com data. Talk to your clients about our streamlined solutions and award-winning service. (July 2019). About PaychexPaychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital . 6 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. These 55 providers of defined contribution recordkeeping services . 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. 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. . We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). PLANSPONSOR magazine published the annual Recordkeeping Survey, which ranked the company as a leader. 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. Investment Flexibility and . 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. 1 in number of plans in ESOP, NQ, and Defined Benefit plans. Many industries were represented, led by manufacturers at 23% of responses; hospitals and health care firms at 13%; and insurers, utilities and financial institutions . We're proud to continue to rank with the best. "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. 2 Recordkeeper ranking according to number of participants from the 2020 Pension and Investments Defined Contribution Survey. 3 PLANSPONSOR Magazine. 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. 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. Industry firms must activate key enabling technologies 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. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2020. 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . Sample materials are for illustrative purposes only and do not represent the final product. 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 . #1. in 457 retirement plans. The company serves more than 90,000 plans. Cogent Syndicated Retirement Planscape (May 2020).. 2 Top 3 defined contribution recordkeeper and top 3 401(k) recordkeeper by number of participants. . contribution recordkeeping industry and the 110 million retirement savers it serves. . 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 . July 01, 2022. Empower has 9.7 million participants as of June 30, 2020. We surveyed 838 plan sponsors from January through March, 2019. To purchase a survey or report online, please sort by brand and browse the selection below (all prices are shown in U.S. dollars). 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. PLANSPONSOR, 2021 Recordkeeping Survey. 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. Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 . 1 Awards received from the Planadviser survey, 2019. It is estimated to account for 90% of the total DC market. For the eleventh consecutive year, Paychex, Inc. , has earned distinction as the largest 401 (k) recordkeeper by total number of 401 (k) plans. So the timing may be right for these sponsors to take a fresh . 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. 1 in satisfaction for plan sponsor and participant website and online capabilities. 2 PLANSPONSOR Recordkeeping Survey, July 2019. Future market share is subject to change and won't be updated until next release of application data. Investing involves risk, including possible loss of principal. Plan sponsors can show compassion for their recordkeepers, while at the same time ensuring their plans are operating smoothly. Asset allocation and diversification does not ensure a profit or protect against a loss. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. Of the 53 companies featured in the magazine's annual "Recordkeeping Survey ," Newport was #17 in . 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of July . RECORD KEEPER. 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 Principal Custody Solutions is a top tier industry provider of custodial services. Paychex has also received the distinction of being the leading provider by number of plans added in 2019, with 17,693 new plans. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service . With the growing array of services being offered, sponsors should stay fixed on plan priorities when conducting an RFP. PLANSPONSOR April-May 2022 View Past Issues Subscribe. Recordkeeping Survey. 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 . Plan sponsors are also shifting their investment monitoring process. 2. 1 "2018 Defined Contribution Recordkeeper Survey," PLANSPONSOR, 2018. . Future market share is subject to change and won't be updated until next release of applicable data. PLANSPONSOR magazine's 2021 Recordkeeping Survey. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability to reach this influential audience. Of the 53 companies featured in the magazine's annual "Recordkeeping Survey," Newport was ranked #17 in overall plan assetsup one . Recordkeeping Survey. 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. The . If you are interested in joining a premier provider, apply today! Thorough Analysis: Recordkeepers' consistent evolution has led them to offer a wide range of investments, technology and servicing options today. Latest News. 401 (k) record keepers track assets in retirement plans. recordkeeping services as the primary reason for changing for the first time in survey history. . These include participant services, sponsor services and support, investments and . 2 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Recordkeeping Survey, July 2021. In addition, we ranked #9 for total retirement . 3 PLANSPONSOR Magazine. 5. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. 2 PLANSPONSOR Recordkeeping Survey, July 2019. *DALBAR review of first-quarter 2020 . The . 2014 Recordkeeping Survey; 2013 Recordkeeper Services Guide; 2008 Recordkeeping Survey - What Provider To Work With; 2007 Recordkeeping Survey - Provider Choice; MOST POPULAR. Accelerate is our 401(k) recordkeeping service for smaller retirement plans. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. Recordkeeping Survey. Future market share is subject to change and won't be updated until . Future market share is subject to change and won't be updated until next release of applicable data. 1 Based on total number of recordkeeping plans, PLANSPONSOR Recordkeeping Survey, June 2020.. About Principal Financial Group . Finally, Paychex was also awarded as the largest recordkeeper by total plans with less than $10 million in assets. PLANSPONSOR Magazine June 2005 issue annual recordkeeping survey cover illustration Focus on Three Key Areas: 99% of plan sponsors agree that they have a duty to prepare employees for retirement. 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 . 5 Based on total number of 409A nonqualified deferred compensation plans (excluding 457 plans), PLANSPONSOR 2019 NQDC Recordkeeping Survey, July 2019. Principal and Wells Fargo IRS combined Plansponsor.com data. J.P. Morgan researchers offer an advanced look at a case study analysis suggesting a new approach to conducting adviser-supported recordkeeping RFPs. 3 Employer-sponsored retirement plans are defined benefit or defined contribution. 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. Principal and Wells Fargo IRT combined Plansponsor.com data. 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. While defined contribution (DC) plans continue to grow in assets, number of plans, and participants, the number of recordkeeping service providers is declining. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey. The ranking was announced as part of PLANSPONSOR magazine 's annual Recordkeeping Survey, a national publication dedicated to the pension and retirement . 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 . 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. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. PLANSPONSOR magazine's 2021 Defined Contribution Survey. 1 in number of plans in ESOP, NQ, and Defined Benefit plans. Due diligence is crucial . 66% of sponsors who measure progress feel better about employees' retirement preparedness. 1 Ranked 24th in number of fee-based advisors in 2019 by Investment News All respondents are key decision-makers for their organizations' DC plans. Recordkeeping fees may be paid by employers, employees, or both.

1 PLANSPONSOR Recordkeeping Survey, July 2020, Defined Contribution, total number of participants. John Hancock Trust Company LLC provides trust and custodial services to such plans. 51% of plans don't measure participant progress toward retirement preparedness. We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). 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. (July 2019). In the magazine's annual "Recordkeeping Survey," Newport was #1 for new defined contribution plans added in 2020. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 / issgovernance.com. institutional, tax-exempt active domestic fixed income . 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. We were also recognized as No.3 in the Defined Contribution space by number of plans (July 2020). Newport's recordkeeping platform is fully integrated with our custodian platform, ensuring integrity of data and eliminating reporting delays. Plan administration made easy . i "2022 Defined Recordkeeper Survey," PLANSPONSOR, 2022. ii . 2 By number of 401(k) plans PLANSPONSOR Recordkeeping Survey, July 2020. Sep 07, 2021. 97% Net Promoter Score in the 2020 PLANSPONSOR survey for the under $5 million category* * PLANSPONSOR 2020 Best in Class DC Providers, January 2021. Creative direction: Making sure to keep things are running smoothly despite the chaos. PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 / issgovernance.com. 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. 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. For its latest survey, Plansponsor looked into figures for the providers' statements regarding their retirement plan services. . . 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. 3 One provider is in reference to the plan recordkeeper or if applicable, Pooled Plan Provider. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, . source: 2015 PLANSPONSOR Recordkeeping Survey. 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. Escalent. Walnut Creek, CA Sept. 7, 2021 PLANSPONSOR magazine has ranked Newport as one of the industry's largest and fastest growing retirement services providers. Sample materials are for illustrative purposes only and do not represent the final product. #1. writer of pet insurance. 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. Best in class for plan sponsor service and support 1. PLANSPONSOR is the trusted research and solutions resource for America's retirement benefits decision makers. Thorough Analysis: Recordkeepers' consistent evolution has led them to offer a wide range of investments, technology and servicing options today. 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. 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% . John Hancock Retirement Plan Services LLC offers administrative or recordkeeping services to sponsors and administrators of retirement plans. Here's their list of the 2020 top 401(k) providers and followed by my . The Standard earns 48 Best in Class DC Provider honors and two top-five Net Promoter Score placements. 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. 2 PLANSPONSOR Recordkeeping Survey, July 2019. Empower growth rate data from PLANSPONSOR magazine and RRI as of May 31, 2020. Ranking is based on total number of DB plans. The COVID-19 pandemic has changed the landscape of the American workforce. Give us a call at 800-952-3343 to find out whether an ESOP can be right for your business, or talk to your . 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. (July 2019). PLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. The impact of the pandemic on stress, finances, and well-being. 2020 Recordkeeping Survey Story: Plan Sponsor Due Diligence in a Demanding Time for Recordkeepers. PLANSPONSOR Defined Benefit Administration Survey, May 2020. 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. 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.

Survey demographics. 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. Both companies work with fully-bundled and third party administrator (TPA) service models and both are . Once again the data shows recordkeeping remains a low-margin business, subject to serious fee . JOHN . 1 Fidelity Institutional Asset Management , "Plan Sponsor Attitudes," 11th Edition, 2020.. 2 This statement is based on the results of two independent media surveys. PLANSPONSOR Recordkeeping Survey, July 2020. 2 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. For example, Empower Retirement was established as a rebrand of Great-West Retirement . Principal has been recognized by PLANSPONSOR Recordkeeping survey (July 2020) as No. 1. 6. Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. .

About our survey. 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.". SOURCE John Hancock. 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. Future market share is subject to change and . 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. PLANSPONSOR April-May 2022 View Past Issues Subscribe. 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. 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. North American Pet Health Insurance Assn, State of the Industry Report, 2021. ISS Store. 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.. Neuner says asking recordkeepers about adequate staffingparticularly as call volumes have been spikingis important for sponsors to do. By John Manganaro.

If you are interested in joining a premier provider, apply today! Complete results of the 2021 PLANSPONSOR Recordkeeping Survey are available on PlanSponsor.com. 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). * Contact PlanMember at (800) 874-6910 to learn more. 3 Based on Cerulli Associates' "Top-10 IRA Providers by AUA, 4Q 2018 - 4Q 2020." 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. 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 . Fewer Providers Due to Industry Consolidation. Recordkeeping Survey. An award is earned by being one of the top three providers in a specific category or . Future market share is subject to change and won't be updated until next release of applicable data. Principal and Wells Fargo IRS combined Plansponsor.com data. 3 PLANSPONSOR Magazine. Based on number of plans. 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 . 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 . * From changing demographics and rising customer expectations to regulatory complexity and cybersecurity concerns, unprecedented business challenges are being exacerbated by aging, legacy technology. It was distributed to known providers of full-service and unbundled . The State of Recordkeeping: Providers face constant pressure to evolveand survive. Introduction. About Paychex Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. 2019 Recordkeeping Survey - Principal and Wells Fargo IRT Combined Data as of . 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. 2 PLANSPONSOR Recordkeeping Survey, July 2019. 6 Based on number of employee stock ownership plans, PLANSPONSOR Recordkeeping Survey, July 2018. 1 Ranked No. 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.