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Largest 401(k) plan administrators

Ranked by number of plan participants receiving services on an unbundled basis.1

Rank Company Unbundled participant2
1

Hewitt Associates Inc.

4,400,0003

2 Affiliated Computer Services Inc. 1,900,000
3 Great-West Retirement Services 1,013,784
4 Paychex Inc. 590,000
5 Milliman Inc. 475,100
6 ADP Retirement Services 78,590
7 Principal Financial Group 68,482
8 Charles Schwab 4 61,094
9 Transamerica Retirement Services 61,073
10 Findley Davies Inc. 49,000
  • 1Companies must offer 401(k) plan administration services, such as recordkeeping and handling of account activity, on an unbundled basis.
  • 2 As of 6/30/08.
  • 3 As of 12/31/07.
  • 4 Formerly 401(k) Co. Acquired by Charles Schwab Corp. on 4/1/2007.

Source: BI survey
Researched by Kevin Edison and Karen Tucker

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