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The eighth annual directory of 401(k) plan administrators contains information on companies that provide services such as recording enrollment, maintaining participants' accounts and handling account activity. A firm must offer these services independently from any investment services to be listed; it may or may not offer investment management services in addition to plan administration services.
The directory is published as an editorial service and there is no charge to be included. Information in the directory is provided by participating companies via a BI questionnaire.
Listings begin with details on staff, including total staff and the number involved with 401(k) plan services. Total 401(k) clients, including those clients receiving 401(k) plan administration services on an unbundled and a bundled basis are listed next. 1996 gross revenues and revenues from 401(k) plan administration services are included when provided by the company. Next, the year the company began offering 401(k) plan administration services and parent company (if any) are listed.
Details on software used and administration services provided follows. Cash, unit value and full share accounting methods are noted. Information on whether the company has the ability to accomodate loan provisions and 401(m) non-discrimination testing for clients is included. Next, the company's client support services are described.
Following, the service area and locations of branch offices (not including the home office) are given. How the company charges for its services and names and titles of principal officers and a contact person complete the listings.
Although every effort is made to print complete and accurate listings, Business Insurance is unable to verify all information provided by companies.