Defined Contribution Provider Consolidation Report

The defined contribution provider consolidation report (below Table. 1) shows the history of mergers and acquisitions among American companies that acted as a defined contribution provider. The defined contribution provider report also shows what type of companies were involved in the transaction such as Record Keeper (RK), Investment Only (IO), Defined Contribution Investment Only (DCIO), Broker Dealer (BD), or “Other” business classification.

The report below (table. 1) also shows history of consolidation activity dating back to 1998 and identifies the successor (or “survivor”) companies as shown graphically in Graph. 1.

(Graph. 1)

(Table. 1)

DEFINED CONTRIBUTION CONSOLIDATION REPORT – 2017
PROVIDER	ACTION	Type	SUCCESSOR	DATE
Aon Hewitt	Sold	RK	BlackStone	2017
Xerox	Spun off	RK	Newco	2017
Alerus	Bought	RK	ABG MN	2016
Ameritas	Bought	RK	Guardian	2016
Verisight	Rebranded	RK	Newport Group	2016
NFP Securities	Sold	BD	Kestra	2016
AIG Advisor Group	Sold	BD	Private Equity Group	2016
MetLife Securities	Sold	BD	MassMutual	2016
Pioneer	Merger	DCIO	Santander/Warburg/Gen Atl	2015
NW Plan Services	Bought	RK	CDM	2015
Mercer RK	Sold	RK	Tranamaerica	2015
BMO	Sold	RK	OneAmerica	2015
NADART	Sold	RK	Empower-Retirement	2015
Ascensus	Selling	RK	Genstar/Aquiline	2015
NYLife RPS	Sold	RK	John Hancock	2015
Newport Group	Sold	RK	Verisight and Stone Point	2014
Financial Telesis	Sold	BD	LPL	2014
Alerus	Bought	RK	Retirement Alliance	2014
Great-West/Putnam/JP Morgan	Rebranded	RK	Empower-Retirement	2014
City National	Sold	RK	OneAmerica	2014
Frank Russell	Sold	IO	LSE	2014
Cetera	Sold	BD	RCAP	2014
JP Morgan Large Mkt RK	Sold	RK	Great-West	2014
Putnam RK	Merged	RK	Great-West	2014
Nuveen	Sold	IO	TIAA-Cref	2014
Daily Access	Sold	RK	Verisight and Stone Point	2014
Munder	Sold	RK	Victory	2014
CPI	Rebranded	RK	CUNA Mutual	2014
Ridgeworth	Sold	IO	Lightyear & Management	2013
NFP	Taken Private	BD	Madison Dearborn	2013
ING	IPO	RK	Public	2013
Tower Square	Sold	BD	Cetera	2013
Verisight	Sold	RK	Stone Point	2013
Walnut Street Securities	Sold	BD	Cetera	2013
ASPire	Raise Capital	RK	Financial Technology Ventures	2012
Dwight Asset Management	Sold	IO	Goldman Sachs	2012
ExpertPlan	Sold	RK	Ascensus	2012
Hartford	Sold	RK	MassMutual	2012
Morgan Keegan	Sold	BD	Raymond James	2012
Vanguard	Outsourced	RK	Ascensus	2012
Columbia Investments	sold	IO	Ameriprise	2011
E Plan	sold	RK	Paychex	2011
M&I	sold	RK	BMO	2011
McGladrey	sold	RK	Verisight	2011
Oppenheimer	Exited RK	RK	Ascensus	2011
First American Funds	Sold	IO	Nuveen	2010
Matrix	Sold	OTHER	Broadridge	2010
McCready & Keene	sold	RK	OneAmerica	2010
NextStep/BenefitStreet	sold	RK	Verisight	2010
NRP	sold	BD	LPL	2010
ABG MidAtlantic	sold	RK	BPA	2009
Baden (Clark)	Sold	RK	Ascensus	2009
CPI	Sold	RK	CUNA Mutual	2009
Hand Benefits	sold	OTHER	BPA	2009
Merrill Lynch	Sold	BD	Bank of America	2009
Putnam	sold	RK	Power Financial (GreatWest)	2009
Schloss & Co.	sold	RK	Sentinal (Focus Finncial)	2009
Symetra (Mutual Fund Product)	Sold	RK	Ascensus	2009
Wachovia	Sold	RK	Wells Fargo	2009
401(k)Advisors & RPAG	sold	BD	NFP	2008
CitiStreet	Sold	RK	ING	2008
First Mercantile	sold	RK	MassMutual	2008
Bisys	Sold		JC Flowers/Crump	2007
Franklin Templeton	Sold		Great West	2007
Princeton Retirement Group	Sold		Hartford	2007
Sentinel Benefits	Sold		Focus Financial	2007
SunLife (MFS)	Sold		Hartford	2007
UBOC	Sold		Prudential	2007
Ameriprise	Sold		Wachovia	2006
Baden	Sold		Clark Consulting	2006
CCA	Sold		JP Morgan	2006
Ceridian	Sold		Newport Group	2006
Cynergy	Sold		JP Morgan	2006
Geller & Wind	Sold		Focus Financial	2006
Invesmart	Sold		Standard	2006
MetLife	Sold		Great West	2006
MFS	Sold		SunLife	2006
Southeastern Employee Benefits	Sold		Paychex	2006
SunGuard (STN)	Partnered		Fidelity (IWS)	2006
The 401kCompany	Sold		Schwab	2006
US Bank	Sold		Great West	2006
ABN AMRO	Sold		Principal	2005
American Express	Sold/Renamed		IPO/Ameriprise	2005
Amvescap	Sold		Merrill Lynch	2005
AXA Advisors	Outsourced		BFDS/DST	2005
CitiStreet	Sold (403(b) Business)		Met Life	2005
Federated Investors	Outsourced		Fascore	2005
Fifth Third Bank	Outsourced		Fascore	2005
JP Morgan	Outsourced		Fascore	2005
Mellon	Sold		ACS	2005
Metavante (M&I)	Sold		Great West	2005
MetLife	Outsourced 403(b)		CitiStreet	2005
Sunguard	Sold		Private Equity Group	2005
Travelers	Sold		Met Life	2005
Union Central	Merged		Ameritas/Unifi	2005
AG Edwards	Sold		CPI	2004
American Express	Outsourced		Great West	2004
BancOne	Sold		JP Morgan	2004
Bank of NY	Sold		Wachovia	2004
CNA Trust	Sold		Union Bank of California	2004
Comerica	Outsourced		Wachovia	2004
GoldK	Sold		LBMC	2004
Harris Bank	Sold		Wells Fargo	2004
John Hancock	Sold		Manulife	2004
Putnam	Carve out		Mercer HR	2004
Southtrust	Sold		Wachovia	2004
Strong	Sold		Wells Fargo	2004
401k Company	Exited small market			2003
American Century	Sold		JP Morgan	2003
Cigna	Sold		Prudential	2003
Delaware	Outsourced		Bisys	2003
Emjay/Wells Fargo	Sold		Great West	2003
Enterprise/MONY	Sold		AXA	2003
Federated Insurance	Sold		Great West	2003
Fleet	Sold		Bank of America	2003
GE	Outsourced		Bisys	2003
mPower	Sold		Morningstar	2003
Northern Trust	Sold		Hewitt	2003
Pan American	Sold		Securian	2003
PFPC	Sold		Wachovia	2003
Pioneer	Exited			2003
Putnam	Outsourced		Expert Plan	2003
Safeco	Sold		Symetra	2003
Scudder	Sold		ADP	2003
UMB	Sold		M&I	2003
US Bank	Outsourced		Bisys	2003
Administrative Management Group	Sold		Lincoln Financial	2002
American Skandia	Exited			2002
Bank of NY	Outsourced		PFPC	2002
CBIZ	Outsourced		Bisys	2002
Emplanet	Exited			2002
Guardian	Exited			2002
Key Bank	Sold		Principal	2002
Merchantile Bank	Outsourced		Bisys	2002
MetLife	Merged		Gen Am & New England	2002
National City Bank	Outsourced		Hewitt	2002
Nippon Life	Exited			2002
Persumma	Merged		MassMutual	2002
Provident Mutual	Sold		Nationwide	2002
State Street Research	Exited			2002
SunTrust	Outsourced		Nationwide	2002
Trustar	Exited			2002
Allmerica	Sold		Securian	2001
Emjay	Sold		Wells Fargo	2001
Fleet	Outsourced		INVESCO	2001
John Hancock	Sold Retirement Business		UPI	2001
LaSalle Bank	Outsourced		Chicago Title & Trust	2001
MetLife	Sold large plans		Hewitt	2001
Morgan Stanley	Outsourced		ADP/Fidelity	2001
PaineWebber	Outsourced		MFS	2001
Reliastar	Sold		Aetna	2001
Teamvest	Sold		Newport Group	2001
Unifi (PWC)	Sold		Mellon HR	2001
UPI	Sold		Bisys	2001
Wachovia	Outsourced large plans		Invesco	2001
Wachovia	Sold		First Union	2001
American Century	Outousced/Exited Small Market		ADP	2000
Bank of America	Outsourced		ADP/Aegon	2000
Huntington Bank	Exited			2000
Merrill Lynch	Sold <$3mm		Bisys	2000
Prudential	Outsourced <$3mm		Bisys	2000
T Rowe Price	Outsourced small plans		Trustar	2000
Chase Manhattan Bank	Outsourced		Fidelity	1999
CitiBank (Copeland/Smith Barney)	Merged		CitiStreet	1999
State Street	Merged		CitiStreet	1999
PFPC	Sold		PNC Bank
Aetna	Sold		ING
Transamerica	Sold		Aegon