RESEARCH |
2016
PLANADVISER Recordkeeper Services Guide
Retirement plan advisers may often find themselves in the role of matchmaker: working with a defined contribution (DC) client to determine which investments and platforms or providers are the best fit. To be in a top position to guide the client, an adviser must keep abreast of the provider community, so as to stay current on what products and services are available to suit each client’s needs.
Reported by PLANADVISER
| Art by Harry Campbell
Industry Snapshot
Share of Total Defined Contribution Market by Total Recordkeeping Assets
| Share of Total Defined Contribution Market by Total Recordkeeping Assets | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | PLANS | PARTICIPANTS | |||||||||||||||||||||||||||||||||||||||
| Top 5 providers | 53.3% | 34.8% | 44.9% | ||||||||||||||||||||||||||||||||||||||
| Top 10 providers | 73.1% | 59.3% | 66.0% | ||||||||||||||||||||||||||||||||||||||
| Top 20 providers | 93.2% | 88.6% | 88.9% | ||||||||||||||||||||||||||||||||||||||
| Non-top 20 providers | 6.8% | 11.4% | 11.1% | ||||||||||||||||||||||||||||||||||||||
| Footnote: ~ Where necessary, industry data is extrapolated to account for gaps in reporting. | |||||||||||||||||||||||||||||||||||||||||