Small Plans, Large Plans

According to the latest annual DC Recordkeeping Survey from PlanSponsor Magazine, the overwhelming majority of plans have under $1 million in assets. In fact, there are more than half a million plans of this size, more than all the other categories combined. That being said, there are only about 6.3 million participants in this category, compared to 23.1 million participants in plans with more than $1 billion in assets. The under $1 million category is comprised of $127 billion in plan assets; by contrast, the over $1 billion category has $1.9 trillion.  In terms of plan assets, the top 10 providers are:

1. Fidelity
2. TIAA-CREF
3. Aon Hewitt
4. Vanguard
5. ING U.S. Retirement
6. Prudential Retirement
7. Great-West Financial
8. Wells Fargo
9. JPMorgan Retirement Plan Services
10. Principal Financial Group

The data was culled from responses to a survey by 68 leading retirement services providers.