SURVEY |
2023
Recordkeeping Survey
Reported by PLANSPONSOR
| Art by Philip Lindeman
Providers
Human Interest
| www.humaninterest.com |
| Assets ($MM) by Plan Type | |
|---|---|
| Ranked #38 | $2,453 |
| 401(k) | 99% |
| 403(b) | 1% |
| 457 | 0% |
| NQDC | 0% |
| Other | 0% |
| Participants by Plan Size | |
|---|---|
| Ranked #29 | 367,532 |
| <$10MM | 97% |
| $10MM - $50MM | 3% |
| >$50MM - $200MM | 0% |
| >$200MM | 0% |
| Plans by Count | |
|---|---|
| Ranked #21 | 10,728 |
| % Third-party administration | 0% |
| Related Offerings | |
|---|---|
| HSA Integration | Direct |
| Student Loan Repayment | NR |
| Financial wellness options |
| Service Offerings | |
|---|---|
| New client restrictions | No company stock; Defined contribution plans only; No non-ERISA plans; No non qualified plans; No multiple employer plans; No pooled employer plans |
| Multiple service models | No |
| Offers corporate trustee services | Yes - either direct or via partnership |
| #of internal ERISA counsel | Yes |
| Will act as a 3(16) fiduciary | Yes - either direct or using third party offerings |
| Participant Services | |
|---|---|
| Call center hours | Weekdays: 6:00 AM - 5:00 PM ET Saturday: None Sunday: None |
| On-line chat support | No |
| Mobile app | No |
| Managed account options | Proprietary Offering |
| Recordkeeping Platform | Proprietary RK System, Other, We operate using a proprietary recordkeeping platform. In 2022, we partnered with LT Trust for recordkeeping services on a select number of plans during part of the year. |
| *We operate using a proprietary recordkeeping platform. In 2022, we partnered with LT Trust for recordkeeping services on a select number of plans during part of the year. |
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.