Sentinel is proud to announce we ranked 10th for 401(k) Assets per Participants on the 2021 PLANSPONSOR Recordkeeping Survey. The Recordkeeping Survey is compiled from self-reported data submitted by record-keepers of defined contribution (DC) plans. 401(k) accounts for $6.80 Trillion in total defined contribution by plan type, so this recognition is important to Sentinel.
"For plan sponsors, 401(k)s mean a lot of choice in terms of record-keeper options available. The harder decisions are How should you differentiate between providers that offer different value propositions: asset managers vs. banks vs. insurance companies vs. administrators? Do you use a third-party administrator (TPA) for some plan work, or bundle with the record-keeper? What about bundling payroll or health savings account (HSA) platforms?" Says Brian O'Keefe - PLANSPONSOR Director of Research and Surveys.
To view the full list navigate to Provider Rankings on the PLANSPONSOR website.