The National 401(k) Record Keepers list includes vendors that provide record keeping services at the national level. This means that they have significant presence in all regions, whether measured by plans under management or by sales personnel. There are about 600 so-called “Record Keeping TPAs” and other providers (like regional banks) that do not have a national presence and are therefore not included on this list.
The first four columns — “Small”, “Mid”, “Large” and “Mega” — indicate the markets these record keepers primarily serve:
• Small = • Mid = $10-$100 million
• Large = $100-$250 million
• Mega = +$250 million
The “Distr” column indicates the primary method(s) of distribution, whether through advisors or direct (which can include institutional consultants). The final column specifies the method of service, which is either bundled — meaning all services are performed by the record keeper — or unbundled, where the record keeper partners with a local independent TPA that provides consulting and compliance services.
Click here to download a pdf file of the list.
This list was last updated on Dec. 17, 2012. Though the list is comprehensive, there are always new providers entering the market, and business models shift over time. This list is an attempt to put a stake in the ground. We welcome your feedback, additions and corrections — which you can make by clicking on the comment button at the bottom of this page.
Copyright 2012, The Retirement Advisor University. Used by permission.
