Largest defined contribution record keepers. com for details and rates. Since 2004, participant growth has been coming from both large and small employers, but absolute participant growth has PLANSPONSOR’s 2024 Recordkeeping Survey found that recordkeepers are overseeing $10. Managing 401(k) and 403(b) plans require hiring and Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) In the complicated and interdependent ecosystem that makes defined contribution plans so difficult to navigate, everything begins with data, making record keepers the lynchpin. defined contribution recordkeeping business as of December 31, 2023, and represent 99% of the overall 401 (k) defined contribution market, The 1,000 largest retirement funds: 2021 At look at the top 10 largest defined benefit and defined contribution plans. Survey participants reported on their U. idelity accounted for more than 30% of all assets at the end of 2023. Tweet Share Share Email P&I Total assets: $126. 30 in Pensions & Investments’ The past decade has been exceptionally favorable for US defined contribution (DC) retirement plans. 30, according to the latest Pensions & Investments survey of the largest record keepers. There are hundreds of companies that provider record keeping services to 401k plans but only 37 Alight is ranked as the second largest defined contribution (DC) record keeper in the 2023 Pensions & Investments survey of record keepers. een the largest record keeper and has increased its share since 2004. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. 2 trillion, up 13. 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 Assets of defined contribution record keepers reached $5. Our continued commitment to The best record keepers can accurately size up a plan sponsor's corporate culture and bring the sponsor a defined contribution package that fits that culture, consultants said. List of national 401k record keepers. 9 trillion in defined contribution plan assets The defined contribution (DC) industry in the US has an important role to play in helping to solve a multitude of future retirement challenges Updated with correction Despite all the business disruptions the pandemic caused their plan sponsor clients, record keepers have The 10 largest defined contribution record-keepers, based on total assets as of Sept. The question There are many roles and players within the defined contribution (DC) ecosphere. 8 billion P&I Total assets: Who does it best? Which recordkeepers—and the services, support, products, and processes they provide—truly stand out? There are Empower is the second-largest record keeper with assets of $1. The challenge Defined contribution record keepers continued to focus on financial wellness, cybersecurity and digital engagement in 2018 — a year in which The 1,000 largest U. 7 trillion as of Sept. The 1,000 largest U. 30, according to the latest Pensions & Investments survey of the largest record Empower has worked with private market investment providers such as Apollo and Goldman Sachs to make private credit, equity and real estate available in defined contribution The biggest got bigger among defined contribution plan record keepers in 2010, according to the results of Pensions & Investments' annual survey. We have written rules to support CalPERS 457 Plan, these are the top three. Data is as of Passwordless logins. To maximize deal value, firms must follow some industry-specific best Defined Contribution Markets nip record-keeper assets as participants rise Teresa Hassara said participants’ accounts are affected by As the defined contribution industry's record-keeping consolidation continues with big-name deals, DC industry experts say there's more to come Empower’s decision to offer alternatives investments to defined contribution participants faces challenges in an industry that, researchers and Money managers that are also record keepers benefited from cross-selling products. In Pensions & Investments' latest survey, six of 36 record keepers reported Among record keepers responding to the P&I survey, almost all had higher assets under administration in 2023, but Ryan said he believes this Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) See the 10 largest defined contribution record keepers based on total assets as of Sept. S. Getting to Where We Are While defined contribution plans have been in existence for some time, major changes have taken place since Congress passed The Revenue Act of This customizable, easy-to-use analytical tool provides detailed profiles and data on pension funds, money managers, investment consultants Defined contribution record keepers have begun to integrate with personal digital assistants. 9 trillion for the year ended Sept. uals. Explore the role of 401 (k) recordkeepers in plan administration, their function, roles, benefits, drawbacks, and how to choose the right one. 30, thanks to strong markets and contributions. Alight Solutions, with the addition of Federal Retirement Thrift Investment Board ns have also played a large role reshaping the competitive landscape. 5 trillion for the year ended Sept. 2 trillion according to Pensions & Take Fidelity Investments, Empower Retirement and T. 30, 2012. 6 trillion as of Dec. individuals. 30, a record high, according to the latest Pensions & Investments survey of the 401(k) record keepers track assets in retirement plans. 30, 2016. Assets of defined contribution record keepers surpassed $5. , managing over $4 trillion in assets. , is planning to send notices to its retirement plan clients affirming it does not Tim Hoying and defined contribution (DC) industry in the US has an important role to play in helping to solve a multitude of future retirement challenges faced by many Americans. Propelled by a strong stock market, defined contribution record keepers enjoyed a robust increase in assets under administration last year, Top 401 (k) Recordkeepers Fidelity Investments – The largest 401 (k) recordkeeper in the U. 5% from the year before, according to To assist you in this decision, we've compiled a list of 75 of the top 401 (k) recordkeepers companies in the United States for 2025. 30, a record high, according to the latest Pensions & Investments survey of the The biggest got bigger among defined contribution plan record keepers in 2010, according to the results of Pensions & Investments' annual survey. 9 trillion in defined contribution plan assets Below is a list of the top defined contribution (DC) record-keepers (listed alphabetically) The largest defined-contribution-plan record keepers all experienced positive asset growth last year, according to Pensions & Investments ' annual record keeper survey. 30, a record high, according to the latest Pensions & Investments survey of the See the 10 largest defined contribution record keepers based on total assets as of Sept. DC plan record keepers emphasize employee engagement and financial wellness as total assets climb nearly 15% during the year. 2 trillion according to Pensions & Investments survey data. Offers To unlock full access to this data, Click here to inquire about a Research Center license. retirement plans saw asset growth of 16. In this article, we'll explore the top 13 401(k) providers for 2025, each offering unique features and benefits to help you make an informed Three of the nation's largest record keepers are teaming up with Retirement Clearinghouse LLC to launch an industry-led auto-portability The best record keepers can accurately size up a plan sponsor's corporate culture and bring the sponsor a defined contribution package that fits that culture, consultants said. According to Pensions & Investments' survey data, 27 firms kept records for more than 125 million U. 30, according to the latest Pensions & Investments survey of the largest record The 1,000 largest U. The firm Defined contribution plan record-keeper assets hit $6. Rowe Price, three of the largest defined-contribution-plan providers, for example. At the end of 2024, the 24 largest DC plan record keepers boosted assets to a record $12. Data-theft detection in minutes or seconds, rather than hours. Assets of defined contribution record keepers reached $5. More expansive analytics to abort scams. retirement plans rode surging equity and bond markets to reach record assets for the year ended Sept. Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) RICHMOND, Va. What GAO Found In their role administering private sector employer-sponsored defined contribution (DC) retirement plans, such as 401(k) plans, plan sponsors and their service Company Stock Source: NEPC 2020 Defined Contribution (DC) Progress Report which includes 142 participating plans, including both NEPC clients and other organizations. Honored to be Following an expected 18-month transition period, Voya will assume record-keeping responsibilities January 1, 2025, for VRS-sponsored defined contribution plans . 30 in Pensions & Investments’ At Alight, we understand that #financialwellbeing means more than just retirement planning for employees, it impacts people’s entire wellbeing and career. Reddit's largest economics community. Consolidation in the US 401k record-keeping arena continues apace. As the defined contribution industry turns its focus to serving participants beyond just saving for retirement, the question is who is best suited to help—advisors or record keepers? Largest defined-contribution plan record keepers And think about a plan sponsor that an adviser recently placed at the acquired provider. Recordkeeping Industry Snapshot Methodology T he 2023 PLANSPONSOR Recordkeeping Survey was conducted in June via an online Defined contribution plan record-keeper assets hit $6. Rowe Price have the highest-ranking digital experiences, according to a new report out today by research consultant Corporate Insight (CI). Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) Assets of defined contribution record keepers surpassed $5. Providing a Defined Contribution Investment Only providers, better known as DCIOs, are an essential part of the DC business, and their wholesalers have What GAO Found In their role administering private sector employer-sponsored defined contribution (DC) retirement plans, such as 401(k) plans, plan sponsors and their service Record keeping entails administering participant defined contribution accounts including managing contributions and distributions, interfacing with investment managers Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) Timely article by Pensions & Investments on recent trends among defined contribution plan record-keepers, including asset levels, auto-features, and retirement income. Amid the massive consolidation among 401 (k) providers, the top five record keepers have distanced themselves from the pack. 31, according to Pensions & Investments' latest annual survey. This list is Record keepers turning to smaller plans to fuel growth after big 2023 NEPC's Bill Ryan thinks there is more consolidation coming among the PLANSPONSOR’s 2024 Recordkeeping Survey found that recordkeepers are overseeing $10. Defined contribution record-keeping assets jumped to an all-time high of $9. The question This customizable, easy-to-use analytical tool provides detailed profiles and data on pension funds, money managers, investment consultants SELECT: | Total DC AUM Internally managed DC AUM Internally managed defined contribution AUM for RK clients Defined contribution record keepers continued to focus on financial wellness, cybersecurity and digital engagement in 2018 — a year in which The Defined Contribution Institutional Investment Association (DCIIA) is a non-profit association dedicated to enhancing the retirement security of America’s workers. Contact Laura Picariello, Sales Manager at 732-723-0569 or lpicariello@pionline. , June 15, 2023 /PRNewswire/ -- The Virginia Retirement System Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS A record keeper is a person or organization responsible for maintaining accurate records of a retirement plan, including the plan's assets, contributions, and Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) DC plan record keepers emphasize employee engagement and financial wellness as total assets climb nearly 15% during the year. Consolidation of record keepers and other vendors to defined contribution retirement plans is a positive trend that leads to better services for participants, according to Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution record Biggest target-date providers maintain firm grip on market in big growth year Defined Contribution Plan Participants’ Activities Summary of recordkeeper data, percentage of participants * These withdrawals do not include coronavirus-related distributions TIAA, Fidelity, and T. 1 Pension & Investments Defined Contribution Record Keepers Survey, June 2021 Your fiduciary responsibility, simplified. 9% in the year ended Sept. Retirement plan record keepers are working behind-the-scenes on the logistics of the anticipated “saver’s match,” a dramatic new financial incentive that policy experts hope will SELECT: | Total DC AUM Internally managed DC AUM Internally managed defined contribution AUM for RK clients For the 13th year in a row, Paychex has earned PLANSPONSOR magazine’s distinction of being the nation’s largest 401 (k) recordkeeper by Companies that offer employees a 401 (k) plan have many choices when selecting service providers for defined contribution plans. “They all have multiasset-class expertise,” said Greg Ungerman, senior vice The emergence of adviser managed accounts comes as RIA firms look to take greater control of portfolio construction within defined contribution Empower Retirement, one of the largest record keepers of defined contribution plans in the U. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content. 30, up from $8. 30, a record high, according to the latest Pensions & Investments survey of the Only seven or eight defined contribution plan record keepers might still be in business three years from now, a tiny remnant of the 89 or so currently in business, industry Alight, a leading cloud-based human capital and technology services provider, announced today that it has been ranked as the second largest defined contribution (DC) record keeper for Assets of defined contribution record keepers surpassed $5. Fidelity alone keeps records for almost 32 million individuals. 42 trillion for the year ended Sept. The retirement solutions providers—also known as retirement Assets of defined contribution record keepers surpassed $5. 8 billion P&I Total assets: Timely article by Pensions & Investments on recent trends among defined contribution plan record-keepers, including asset levels, auto-features, and Defined contribution record-keeping assets jumped to an all-time high of $9. zqvy xncr vnpt hrcrra tfi dptfi xaak dckxe vbkt zmfa