Top Form 5500 service providers by reported compensation

What this page shows

These are the 50 service providers with the most total reported Schedule C compensation in the loaded public Form 5500 dataset (latest loaded filing year 2023). Schedule C discloses what plans pay their recordkeepers, advisers, insurers, and administrators — both direct and indirect compensation. Bars show each provider's reported total relative to the largest.

Providers ranked50
Loaded providers48,912
Largest by compensation$2BGlobal Retirement Partners
Top 50 · by reported compensation

Ranked service providers

Total reported Schedule C compensation (direct + indirect). Bars show relative scale.

  1. 1
    395 plans served
  2. 2
    10,547 plans served
  3. 3
  4. 4
    113 plans served
  5. 5
    6,446 plans served
  6. 6
    283 plans served
  7. 7
    100 plans served
  8. 8
    300 plans served
  9. 9
    400 plans served
  10. 10
    260 plans served
  11. 11
    535 plans served
  12. 12
    3,218 plans served
  13. 13
    632 plans served
  14. 14
    591 plans served
  15. 15
    4,130 plans served
  16. 16
  17. 17
    12 plans served
  18. 18
    2,549 plans served
  19. 19
    2,872 plans served
  20. 20
    1 plans served
  21. 21
    Aetna$183.5M
    116 plans served
  22. 22
    65 plans served
  23. 23
    49 plans served
  24. 24
    134 plans served
  25. 25
  26. 26
    1,623 plans served
  27. 27
  28. 28
    316 plans served
  29. 29
    149 plans served
  30. 30
    47 plans served
  31. 31
    Cigna$128.6M
    197 plans served
  32. 32
    1 plans served
  33. 33
    4,460 plans served
  34. 34
    492 plans served
  35. 35
    30 plans served
  36. 36
    87 plans served
  37. 37
    135 plans served
  38. 38
    360 plans served
  39. 39
    440 plans served
  40. 40
    Mercer$113.5M
    479 plans served
  41. 41
    497 plans served
  42. 42
    217 plans served
  43. 43
    Adp, Inc.$97.6M
    3,928 plans served
  44. 44
    70 plans served
  45. 45
  46. 46
  47. 47
    850 plans served
  48. 48
    227 plans served
  49. 49
    1 plans served
  50. 50
    9 plans served

Frequently asked questions

Who are the largest Form 5500 service providers?
Ranked by total reported Schedule C compensation (direct plus indirect) in the loaded public dataset, the largest is Global Retirement Partners, with $2B reported across 395 plans. This page lists the top 50 of 48,912 loaded providers.
What is Schedule C compensation?
Schedule C of the Form 5500 discloses compensation paid to a plan’s service providers — for example recordkeepers, investment advisers, insurers, auditors, and administrators. It reports both direct compensation (paid by the plan) and indirect compensation (such as revenue sharing).
Does higher compensation mean a provider is overcharging?
Not necessarily. Larger totals usually reflect serving more or larger plans, and bundle many services. These figures are reported totals for context and comparison, not a judgment of value or reasonableness.

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