Type of service provided

Years offering full-service 401(k) plans

—

23

23

21

6

Number of full-service plans

—

1,054

8,346*

1,985

1,059

Fewer than 100 employees

—

1,028

NA

1,650

604

100-999 employees

—

24

NA

302

402

1,000-4,999 employees

—

2

NA

12

45

5,000 or more employees

—

0

NA

1

8

Full-service customers using daily valuation

—

100%

100%

100%

100%

Full-service customers using voice response unit

—

100%

100%

67%

100%

Full-service customers using prototype plan document

—

100%

70%

100%

95%

Full-service customers using testing services

—

100%

100%

100%

100%

Full-service customers using regulatory filing services

—

100%

100%

100%

100%

Full-service customers using recordkeeping services

—

100%

100%

100%

100%

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

—

100%

100%

100% of clients electing to comply w/404(c)

100%

Can sponsors choose number and frequency of fund changes?

—

Yes

Yes

Yes

Yes

Fewer than 100 employees

—

TPA Alliance

TPA Alliance, Recordkeeping Alliance, Internal and External Investment Management

Internal

TPA Alliance

100-999 employees

—

TPA Alliance

Internal and External Investment Management

Internal

TPA Alliance

1,000-4,999 employees

—

TPA Alliance

Internal and External Investment Management

Internal

TPA Alliance

5,000 or more employees

—

TPA Alliance

Internal and External Investment Management

Internal

TPA Alliance

Internally managed

—

$225 million

$5.62 billion

$1.26 billion

NA

Externally managed

—

$75 million

$1.07 billion

$1.5 billion

NA

Total

—

$300 million

$8.2 billion

$2.76 billion

NA

Number of participants in full-service plans

—

22,615

479,881

155,000

315,000

At year-end 2002

—

1,054

8,310

1,985

NA

At year-end 2001

—

902

9,310

2,120

NA

At year-end 2000

—

NA

NA

1,715

NA

Converted in 2002

—

48

449

247

NA

Internally managed

—

18

60+

10

20

Externally managed

—

63

500+

39

1,700 DCXchange, 3,500 self-dir, brokerage acct

Self-directed brokerage available to full-service plans?

—

Yes

Yes

Yes

Yes

Average asset-allocation rates

—

Stable value 20%, fixed income 15%, equity 65%

Stable value 19%, fixed income 7%, equity 64%, self-dir. 1%, co. stock 5%, other 4%

Fixed income 8.9%, equity 54.2%, self-dir. <1%, other 36%

Stable value 19.33%, fixed income 27%, equity 33.07%, self-dir. 0.73%, co. stock 2.68%, other 18.19%

Average participation rate

—

80%

71%

NA

86.6%

Average deferral rate

—

6%

NA

NA

7%

Geographic coverage

—

All 50 states, DC

All 50 states, DC

49 states (except NY), DC, Puerto Rico

All 50 states, DC

Online statements

—

Yes

Yes

No

Varies by plan

Account changes

—

Yes

Yes

Yes

Yes

Tools and calculators

—

Yes

Yes

Yes

Yes

Sponsor site

—

Yes

Yes

Yes

Yes

Custom plan design

—

Yes

Yes

Yes

Yes

1:1 enrollment

—

Yes

No

Yes

Yes

Online enrollment

—

Yes

Yes

Yes

Yes

Automatic enrollment

—

Yes, upon request

Yes

Yes

Yes

Education software

—

Yes

Yes

No

Yes

Education videos

—

Yes

No

No

Yes

Seminars

—

Yes

Yes

Yes

Yes

In-person classes

—

Yes

Yes

Yes

Yes

Newsletters

—

Yes

Yes

Yes

Yes

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

—

—

23

—

20

Number of investment-only plans

—

—

1,000+

—

301

Percentage of investment-only assets subadvised externally

—

—

10% (approx.)

—

0

Minimum asset size

—

—

$5 million

—

$1 million

Average plan asset size

—

—

NA

—

$25 million

Investment-only assets Internally managed

—

—

$16.7 billion

—

NA

Externally managed

—

—

$3 million

—

NA

Total

—

—

$17 billion

—

NA

Investment results

—

—

Yes

—

Yes

Market commentary

—

—

Yes

—

Yes

Will provider comply with investment-policy statement?

—

—

Yes

—

Yes

Classes of securities managed for 401(k) plans

—

—

A, I, S

—

Institutional mutual funds

Investment styles offered

—

—

All major asset classes

—

Large cap value, growth; small cap value, growth; int'l , emerging mkts equity; core, int'l fixed income; emerging mkts debt; high yield bond; stable value; S&P 500 index fund

Primary investment style

—

—

Fixed income, large cap, mid cap, small cap, int'l

—

Manager of managers

Frequency of market commentary

—

—

Quarterly

—

Quarterly

Frequency of investment-results discussions

—

—

Quarterly

—

Quarterly

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

19

—

—

—

—

Number of recordkeeping-only plans

988

—

—

—

—

Fewer than 100 employees

762

—

—

—

—

100-999 employees

233

—

—

—

—

1,000-4,999 employees

11

—

—

—

—

5,000 or more employees

4

—

—

—

—

Recordkeeping-only customers using daily valuation

15%

—

—

—

—

Recordkeeping-only customers using voice response unit

15%

—

—

—

—

Can sponsors choose number and frequency of fund changes?

Yes

—

—

—

—

Fewer than 100 employees

Yes

—

—

—

—

100-999 employees

Yes

—

—

—

—

1,000-4,999 employees

No

—

—

—

—

5,000 or more employees

No

—

—

—

—

Number of participants in recordkeeping-only plans

102,000

—

—

—

—

At year-end 2002

1,010

—

—

—

—

At year-end 2001

898

—

—

—

—

At year-end 2000

1,027

—

—

—

—

Converted in 2002

140

—

—

—

—

Externally managed

100%

—

—

—

—

Self-directed brokerage available to recordkeeping-only plans?

Yes

—

—

—

—

Average participation rate in recordkeeping-only plans

NA

—

—

—

—

Average deferral rate in recordkeeping-only plans

NA

—

—

—

—

Geographic coverage

All 50 states, DC

—

—

—

—

Online statements

Yes

—

—

—

—

Account changes

Yes

—

—

—

—

Tools and calculators

Yes

—

—

—

—

Sponsor site

Yes

—

—

—

—

Custom plan design

Yes

—

—

—

—

1:1 enrollment

No

—

—

—

—

Online enrollment

Yes

—

—

—

—

Automatic enrollment

Yes

—

—

—

—

Education software

Yes

—

—

—

—

Education videos

Yes

—

—

—

—

Seminars

Yes

—

—

—

—

In-person classes

Yes

—

—

—

—

Newsletters

Yes

—

—

—

—