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10 insights into Vanguard's small plan universe
Market Insights July 12, 2018 at 06:36 PM
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Insights from Vanguard's latest How America Saves report are often surprising. Here are 10. (Photo: AP)[/caption] In 2011, Vanguard's recordkeeping arm set out to pitch defined contribution platforms to small businesses with the launch of Vanguard Retirement Plan Access. VRPA administers plans with up to $20 million in assets. Last year, small plans serviced by the Valley Forge, PA firm totaled 8,873—about 70 percent of which are established plans, and 30 percent are start-up plans, defined as being less than three years old. Vanguard's footprint in the small business plan community has grown in stride with the rest of the fund company's businesses. The unit services more than 370,400 participants, up from about 62,000 just five years ago. The average plan has 42 participants and $2.6 million in assets. Here are 10 insights into the VRPA universe, as reported in the small business edition of Vanguard's 2018 How America Saves report.
Insights from Vanguard's latest How America Saves report are often surprising. Here are 10. (Photo: AP)[/caption] In 2011, Vanguard's recordkeeping arm set out to pitch defined contribution platforms to small businesses with the launch of Vanguard Retirement Plan Access. VRPA administers plans with up to $20 million in assets. Last year, small plans serviced by the Valley Forge, PA firm totaled 8,873—about 70 percent of which are established plans, and 30 percent are start-up plans, defined as being less than three years old. Vanguard's footprint in the small business plan community has grown in stride with the rest of the fund company's businesses. The unit services more than 370,400 participants, up from about 62,000 just five years ago. The average plan has 42 participants and $2.6 million in assets. Here are 10 insights into the VRPA universe, as reported in the small business edition of Vanguard's 2018 How America Saves report.
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