Type of service provided

Years offering full-service 401(k) plans

15+

—

—

23

22

Number of full-service plans

1,222

—

—

1,392

2,976

Fewer than 100 employees

923

—

—

1,250

2,399

100-999 employees

284

—

—

118

835

1,000-4,999 employees

13

—

—

23

145

5,000 or more employees

2

—

—

1

39

Full-service customers using daily valuation

76%

—

—

39%

35%

Full-service customers using voice response unit

76%

—

—

39%

100%

Full-service customers using prototype plan document

90%

—

—

46%

84%

Full-service customers using testing services

90%

—

—

99%

100%

Full-service customers using regulatory filing services

80%

—

—

99%

100%

Full-service customers using recordkeeping services

100%

—

—

74%

100%

Full-service customers using education to comply with 404(c)

See footnote*

—

—

41%

100%

Can sponsors choose number and frequency of fund changes?

Yes

—

—

Yes

Yes

Fewer than 100 employees

NA

—

—

TPA/Record Keeping/Internal

External

100-999 employees

Recordkeeping Alliance

—

—

TPA/Record Keeping/Internal

External

1,000-4,999 employees

Recordkeeping Alliance

—

—

TPA/Record Keeping/Internal

External

5,000 or more employees

Recordkeeping Alliance

—

—

TPA/Record Keeping/Internal

External

Internally managed

$3,205,920,000

—

—

$350 million

0

Externally managed

$3,048,598,000

—

—

$1.05 billion

$7.3 billion

Total

$6,254,518,000

—

—

$1.4 billion

$7.3 billion

Number of participants in full-service plans

226,000

—

—

140,100

255,380

At year-end 2002

1,222**

—

—

1,392

2,976

At year-end 2001

1,270**

—

—

1,542

2,359

At year-end 2000

1,340**

—

—

1,400

1,789

Converted in 2002

70

—

—

150

360

Number of funds available to full-service plans

—

—

—

—

—

Internally managed

28

—

—

Unlimited

0

Externally managed

200+

—

—

Unlimited

7,000+

Self-directed brokerage available to full-service plans?

Yes

—

—

Yes

Yes

Average asset-allocation rates

Stable value 14%, fixed income 13%, equity (incl. balanced) 58%, co. stock 15%

—

—

Stable value 11%, fixed income 6%, equity 80%, self-dir. 1%, co. stock 1%, other 1%

Stable value 30%, fixed income 20%, equity 40%, self-dir. 4%, co. stock 4%, other 2%

Average participation rate

74%

—

—

85%

85%

Average deferral rate

7.8%

—

—

5%

4.2%

Geographic coverage

All 50 states, DC

—

—

All 50 states, DC

NA

Online statements

Yes

—

—

Yes

Yes

Account changes

Yes

—

—

Yes

Yes

Tools and calculators

Yes

—

—

Yes

Yes

Sponsor site

Yes

—

—

Yes

Yes

Custom plan design

Yes

—

—

Yes

Yes

1:1 enrollment

Yes

—

—

Yes

Yes

Online enrollment

Yes

—

—

Yes

Yes

Automatic enrollment

Yes

—

—

Yes

Yes

Education software

Yes

—

—

Yes

Yes

Education videos

Yes

—

—

Yes

Yes

Seminars

Yes

—

—

Yes

Yes

In-person classes

Yes

—

—

Yes

Yes

Newsletters

Yes

—

—

Yes

Yes

Years offering investment-only services to 401(k) plans

20+

18

—

—

—

Number of investment-only plans

475

130

—

—

—

Percentage of investment-only assets subadvised externally

NA

0

—

—

—

Minimum asset size

$1 million

$100 million

—

—

—

Average plan asset size

$5 million

$250 million

—

—

—

Investment-only assets Internally managed

$476 million

$74 billion

—

—

—

Externally managed

$1.9 billion

0

—

—

—

Total

$2.37 billion

$74 billion

—

—

—

Investment results

Yes

NA

—

—

—

Market commentary

Yes, via third party

NA

—

—

—

Will provider comply with investment-policy statement?

Yes

Yes, pending compliance

—

—

—

Classes of securities managed for 401(k) plans

Stable value, fixed, equity, balanced

Cash, equities (domestic and int'l), fixed income (domestic and int'l), balanced, asset allocation

—

—

—

Investment styles offered

Stable value, fixed, equity, balanced (value, growth, blend: large cap, mid-cap, small-cap)

Cash management, indexed, enhanced indexed, active

—

—

—

Primary investment style

Stable value, fixed, equity, balanced (value, growth, blend: large cap, mid-cap, small-cap)

Corporate defined contribution

—

—

—

Frequency of market commentary

Quarterly

Monthly and quarterly

—

—

—

Frequency of investment-results discussions

Varies by plan

As needed

—

—

—

Years offering recordkeeping-only services to 401(k) plans

—

—

20

—

22

Number of recordkeeping-only plans

—

—

15,000

—

2,976

Fewer than 100 employees

—

—

12,300

—

2,399

100-999 employees

—

—

2,300

—

835

1,000-4,999 employees

—

—

300

—

145

5,000 or more employees

—

—

100

—

39

Recordkeeping-only customers using daily valuation

—

—

98%

—

35%

Recordkeeping-only customers using voice response unit

—

—

90%

—

100%

Can sponsors choose number and frequency of fund changes?

—

—

Yes

—

Yes

Fewer than 100 employees

—

—

Yes

—

Yes

100-999 employees

—

—

Yes

—

Yes

1,000-4,999 employees

—

—

Yes

—

Yes

5,000 or more employees

—

—

Yes

—

Yes

Number of participants in recordkeeping-only plans

—

—

1.2 million

—

255,380

At year-end 2002

—

—

15,000

—

2,976

At year-end 2001

—

—

11,000

—

2,359

At year-end 2000

—

—

7,540

—

1,789

Converted in 2002

—

—

1,088

—

360

Externally managed

—

—

NA

—

7.3 billion

Self-directed brokerage available to recordkeeping-only plans?

—

—

Yes

—

Yes

Average participation rate in recordkeeping-only plans

—

—

NA

—

79%

Average deferral rate in recordkeeping-only plans

—

—

NA

—

4.1%

Geographic coverage

—

—

All 50 states, DC

—

NA

Online statements

—

—

Yes

—

Yes

Account changes

—

—

Yes

—

Yes

Tools and calculators

—

—

Yes

—

Yes

Sponsor site

—

—

Yes

—

Yes

Custom plan design

—

—

Yes

—

Yes

1:1 enrollment

—

—

No

—

Yes

Online enrollment

—

—

No

—

Yes

Automatic enrollment

—

—

No

—

Yes

Education software

—

—

Yes

—

Yes

Education videos

—

—

No

—

Yes

Seminars

—

—

Yes

—

Yes

In-person classes

—

—

No

—

Yes

Newsletters

—

—

Yes

—

Yes