defined contribution consolidation

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)

defined contribution provider


(Table. 1)

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


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