SURVEY |
2023
Recordkeeping Survey
Reported by PLANSPONSOR
| Art by Philip Lindeman
Providers
Fidelity Investments
| fidelity.com |
| Assets ($MM) by Plan Type | |
|---|---|
| Ranked #1 | $2,874,561 |
| 401(k) | 84% |
| 403(b) | 11% |
| 457 | 1% |
| NQDC | 2% |
| Other | 3% |
| Participants by Plan Size | |
|---|---|
| Ranked #1 | 29,947,387 |
| <$10MM | 4% |
| $10MM - $50MM | 9% |
| >$50MM - $200MM | 13% |
| >$200MM | 75% |
| Plans by Count | |
|---|---|
| Ranked #10 | 35,176 |
| % Third-party administration | 15% |
| Related Offerings | |
|---|---|
| HSA Integration | Direct |
| Student Loan Repayment | Proprietary (Internal) Sources3rd party source(s) |
| Financial wellness options | 22 |
| Service Offerings | |
|---|---|
| New client restrictions | Our Workplace Investing group is structured so we can provide dedicated resources and superior services to accommodate many diverse plan types, such as 401(k), 403(b), 401(a), 457(b), 457(b) governmental, 457(f), 415(m), and non-prototype plans. We welcome the opportunity to discuss other plan types you may have interest in adopting. |
| Multiple service models | Yes |
| Offers corporate trustee services | No |
| #of internal ERISA counsel | No |
| Will act as a 3(16) fiduciary | Yes - either direct or using third party offerings |
| Participant Services | |
|---|---|
| Call center hours | Weekdays: 8:30 AM -12:00 AM Saturday: Sunday: |
| On-line chat support | Yes |
| Mobile app | Yes |
| Managed account options | NR |
| Recordkeeping Platform | NR |
| 0 |
Bottom part for Providers
Walgreens announced Wednesday the launch of its Student Loan 401(k) Match Program—a benefit for student loan borrowers made available for employers to implement by the SECURE 2.0 Act of 2022.
The new benefit will be available to Walgreens employees in January 2025 and will allow participants to qualify for company 401(k) match contributions as they pay down their student loans.