Browse the Provider Directory
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|
| Provider |
Hewitt Associates
Lincolnshire, IL
(847) 295-5000 |
ING Life Insurance & Annuity
Hartford
(866) 723-4646 |
Ingham Group
Miami
(888) 458-5557 or (305) 671-2200 |
Invesmart
Pittsburgh
(866) 866-6610 |
| Type of service provided |
Recordkeeping only |
Full service only |
Full service or Investment only or recordkeeping only |
Full service or Investment only or recordkeeping only |
| FULL SERVICE |
| Years offering full-service 401(k) plans |
— |
24 |
14 |
25 |
| Number of full-service plans |
— |
17,222 |
530 |
2,142 |
| Number of full-service plans in each market |
| Fewer than 100 employees |
— |
15,826 |
427 |
1,553 |
| 100-999 employees |
— |
1,324 |
101 |
546 |
| 1,000-4,999 employees |
— |
66 |
2 |
33 |
| 5,000 or more employees |
— |
6 |
0 |
10 |
| Offerings for full-service customers |
| Full-service customers using daily valuation |
— |
100% |
100% |
100% |
| Full-service customers using voice response unit |
— |
NA |
100% |
100% |
| Full-service customers using prototype plan document |
— |
71% |
95% |
75% |
| Full-service customers using testing services |
— |
100% |
100% |
100% |
| Full-service customers using regulatory filing services |
— |
100% |
100% |
100% |
| Full-service customers using recordkeeping services |
— |
100% |
100% |
100% |
| Full-service customers using education to comply with 404(c) |
— |
100% |
100% |
100% |
| Can sponsors choose number and frequency of fund changes? |
— |
Yes |
Yes |
Yes |
| Preferred business arrangement for companies with |
| Fewer than 100 employees |
— |
Internal, TPA Alliance, External Management |
Internal |
Internal |
| 100-999 employees |
— |
Internal, TPA Alliance, External Management |
Internal |
Internal |
| 1,000-4,999 employees |
— |
Internal, TPA Alliance, External Management |
Internal |
Internal |
| 5,000 or more employees |
— |
Internal, TPA Alliance, External Management |
Internal |
Internal |
| Assets in full-service plans |
| Internally managed |
— |
$11.4 billion |
$400 million |
$5.7 billion |
| Externally managed |
— |
$9.2 billion |
$250 million |
$0 |
| Total |
— |
$20.6 billion |
$650 million |
$5.7 billion |
| Number of participants in full-service plans |
— |
866,211 |
35,000 |
252,116 |
| Number of full-service plans |
| At year-end 2003 |
— |
17,222 |
530 |
2,142 |
| At year-end 2002 |
— |
16,815 |
455 |
NA |
| At year-end 2001 |
— |
16,118 |
455 |
NA |
| Converted in 2003 |
— |
2,219 |
33 |
300 |
| Number of funds available to full-service plans |
| Internally managed |
— |
118 |
Unlimited |
0 |
| Externally managed |
— |
111 |
Unlimited |
500+ |
| Self-directed brokerage available to full-service plans? |
— |
Yes |
Yes |
Yes |
| Average asset-allocation rates |
| Stable value |
— |
12.90% |
5% |
Varies by client |
| Fixed income |
— |
17.40% |
20% |
Varies by client |
| Equity funds |
— |
66.80% |
60% |
Varies by client |
| Self-directed |
— |
0.10% |
10% |
Varies by client |
| Company stock |
— |
2.80% |
2% |
Varies by client |
| Other |
— |
0% |
3% |
Varies by client |
| Participation and deferral information |
| Average participation rate |
|
85% when conduct enrollment sessions |
85% |
NA |
| Average deferral rate |
— |
NA |
6% |
NA |
| Geographic coverage |
— |
Nationwide |
All 50 states and Washington, D.C. |
Nationwide |
| Web site capabilities |
| Online statements |
— |
Yes |
Yes |
Yes |
| Account changes |
— |
Yes |
Yes |
Yes |
| Tools and calculators |
— |
Yes |
Yes |
Yes |
| Sponsor site |
— |
Yes |
Yes |
Yes |
| Services available to full service plans: |
| Custom plan design |
— |
No |
Yes |
Yes |
| 1:1 enrollment |
— |
No |
Yes |
Yes |
| Online enrollment |
— |
Yes |
Yes |
Yes |
| Automatic enrollment |
— |
Yes |
Yes |
Yes |
| Education software |
— |
Yes |
Yes |
Yes |
| Education videos |
— |
Yes |
Yes |
No |
| Seminars |
— |
Yes |
Yes |
Yes |
| In-person classes |
— |
Yes |
Yes |
Yes |
| Newsletters |
— |
Yes |
Yes |
Yes |
| Personal advice provided to participants |
| In person |
— |
Yes |
Yes |
No |
| By telephone |
— |
No |
Yes |
Being released this year |
| INVESTMENT-ONLY |
| Provider |
Hewitt Associates
Lincolnshire, IL
(847) 295-5000 |
ING Life Insurance & Annuity
Hartford
(866) 723-4646 |
Ingham Group
Miami
(888) 458-5557 or (305) 671-2200 |
Invesmart
Pittsburgh
(866) 866-6610 |
| Can provider manage assets from unlimited third parties? |
— |
— |
Yes |
Yes |
| Years offering investment-only services to 401(k) plans |
— |
— |
14 |
25 |
| Total 401(k) assets under management |
— |
— |
$650 million |
$100 million |
| Number of investment-only plans |
— |
— |
300 |
< 50 |
| Percentage of investment-only assets subadvised externally |
— |
— |
2% |
0% |
| Target markets for investment-only services |
| Minimum asset size |
— |
— |
$1 million |
NA: prefer over $1 million |
| Average plan asset size |
— |
— |
$2 million |
$2 million |
| Assets in investment-only plans |
| Internally managed |
— |
— |
$125 million |
$100 million |
| Externally managed |
— |
— |
$125 million |
$0 |
| Total |
— |
— |
$250 million |
$100 million |
| Web site capabilities |
| Investment results |
— |
— |
Yes |
Yes |
| Market commentary |
— |
— |
Yes |
Yes |
| Services available to investment-only plans |
| Will provider comply with investment-policy statement? |
— |
— |
Yes |
Yes |
| Classes of securities managed for 401(k) plans |
— |
— |
All classes |
All |
| Investment styles offered |
— |
— |
All styles |
All |
| Primary investment style |
— |
— |
Asset allocation models, individual participant investment advice |
NA |
| Frequency of market commentary |
— |
— |
Ongoing |
Quarterly |
| Frequency of investment-results discussions |
— |
— |
As needed |
Quarterly |
| Investment business revenue represented by 401(k) |
— |
— |
80% |
90+% |
| RECORDKEEPING-ONLY |
| Provider |
Hewitt Associates
Lincolnshire, IL
(847) 295-5000 |
ING Life Insurance & Annuity
Hartford
(866) 723-4646 |
Ingham Group
Miami
(888) 458-5557 or (305) 671-2200 |
Invesmart
Pittsburgh
(866) 866-6610 |
| Can provider handle records from unlimited third parties? |
Yes |
— |
Yes |
Yes |
| Years offering recordkeeping-only services to 401(k) plans |
24 |
— |
24 |
25 |
| Number of recordkeeping-only plans |
170 |
— |
225 |
500 |
| Number of recordkeeping-only plans in each market |
| Fewer than 100 employees |
0 |
— |
211 |
500 |
| 100-999 employees |
5 |
— |
13 |
0 |
| 1,000-4,999 employees |
28 |
— |
1 |
0 |
| 5,000 or more employees |
137 |
— |
0 |
0 |
| Offerings for recordkeeping-only customers |
| Recordkeeping-only customers using daily valuation |
100% |
— |
10% |
0% |
| Recordkeeping-only customers using voice response unit |
98% |
— |
100% |
0% |
| Can sponsors choose number and frequency of fund changes? |
Yes |
— |
Yes |
Yes |
| Preferred market for recordkeeping-only services |
| Fewer than 100 employees |
No |
— |
Yes |
No |
| 100-999 employees |
No |
— |
Yes |
Yes |
| 1,000-4,999 employees |
Yes |
— |
Yes |
Yes |
| 5,000 or more employees |
Yes |
— |
Yes |
No |
| Number of participants in recordkeeping-only plans |
5.7 million |
— |
8,000 |
NA |
| Number of recordkeeping-only plans |
| At year-end 2003 |
170 |
— |
225 |
NA |
| At year-end 2002 |
119 |
— |
211 |
NA |
| At year-end 2001 |
117 |
— |
198 |
NA |
| Converted in 2003 |
61 |
— |
14 |
0 |
| Externally managed |
0 |
— |
3 |
0 |
| Participation/allocation/deferral information |
| Self-directed brokerage available to recordkeeping-only plans? |
Yes |
— |
Yes |
Yes |
| Average participation rate in recordkeeping-only plans |
NA |
— |
85% |
NA |
| Average deferral rate in recordkeeping-only plans |
NA |
— |
6% |
NA |
| Geographic coverage |
Nationwide |
— |
All 50 states and Washington, D.C. |
Nationwide |
| Web site capabilities |
| Online statements |
Yes |
— |
Yes |
Being released this year |
| Account changes |
Yes |
— |
Yes |
Yes |
| Tools and calculators |
Yes |
— |
Yes |
No |
| Sponsor site |
Yes |
— |
Yes |
Yes |
| Services available to recordkeeping-only plans |
| Custom plan design |
Yes |
— |
Yes |
Yes |
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