DALLAS (BP)–PlanSponsor magazine, in its 11th annual Defined Contribution Recordkeeping Survey, ranked GuideStone Financial Resources as the No. 10 recordkeeper in total assets among 403(b) plans. GuideStone is the only denominational pension board to break into this top-10 list.
“This acknowledgment from PlanSponsor confirms what we already knew, and that is GuideStone is large enough to be ranked with the largest financial institutions in our land,” said GuideStone President O.S. Hawkins. “What we also know to be true is that our assets are made up of the individual accounts of men and women who entrust their retirement security to GuideStone.”
The survey is reported in the magazine’s June 2009 issue and can be viewed online at www.plansponsor.com.
PlanSponsor examined 80 providers of full-service and unbundled recordkeeping on “approximately 322 different data points pertaining to each provider’s product and service capabilities.” PlanSponsor ranked the 64 largest recordkeepers by asset size within categories for 403(b), 401(k) and 457 plans.
Others mentioned with GuideStone in the 403(b) category included TIAA-CREF, Fidelity Investments, VALIC, ING, Lincoln Financial Group, Vanguard, Diversified Investment Advisors, Prudential Retirement and Great West Retirement Services.
PlanSponsor, through its magazine, website and other media, has provided coverage of the pension and benefit arena for more than 16 years. Full information about the PlanSponsor ranking can be found on GuideStone’s website, www.GuideStone.org.
Roy Hayhurst is senior marketing communications editor at GuideStone Financial Resources of the Southern Baptist Convention.