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U.S. Retirement Market Outlook

Three themes shaping the U.S. retirement landscape.
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2023 Defined Contribution Consultant Research Study

Our third annual study captures retirement views from the defined contribution consulting and advisory community.
Investments

Investments

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T. Rowe Price Target Date 20 Years of Shaping Future

Target Date 20th Anniversary

Celebrating our decades-long passion for helping turn retirement dreams into reality.
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Global Market Outlook

Tectonic shifts create new opportunities.
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Artificial intelligence: The new electricity

AI has the potential to be the biggest productivity enhancer to the global economy since the rise of electricity.
Insights

Insights

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Global Market Outlook Graphic

Global Market Outlook

Tectonic shifts create new opportunities.
Office meeting collaboration

2023 Defined Contribution Consultant Research Study

Our third annual study captures retirement views from the defined contribution consulting and advisory community.
Compliance Support

Compliance Support

Compliance Fiduciary Source
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Qualified plan limits

In October 2023, the Internal Revenue Service released the 2024 dollar limits on certain benefits and contributions to retirement plans and IRAs.
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Legislative and regulatory webinars

Stay current on the latest news: watch our legislative and regulatory webinars on demand.
About Us

 

 

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Your expertise. Our experience.
We’re better together.

You're not just a Third-Party Administrator, but a Trusted Plan Advocate.

At T. Rowe Price, we believe in the value you provide. It shows in our shared successes in supporting plan sponsors and financial professionals.

Third-party administrator (TPA) plans accounted for 89% of sales for the 2022 sales season at T. Rowe Price with $0—$50M AUA.1

TPAs + T. Rowe Price: A growth story

Third-party administrators are integral to T. Rowe Price. Here, we see you as a Trusted Plan Advocate.

And our goal is to provide resources to support your needs, from compliance testing to administrative matters. To learn more, watch the video.

Understanding your important role

Get the Facts

Our business model doesn’t just support, it emphasizes the role you play.

  • In the $5M to $10M segment, TPA represents 57% of new sales (up from 48% in 2021), while proposals are up 30%. 
  • In the $10M and larger segment, TPA now represents over 40% of new sales (up from 29% in 2021), and proposals are up 69%. 
  • Eight of our 15 sales territories had TPA sales percentages exceed 90%, while others were over 80%.

 

Special TPA Pricing

We enhanced our TPA pricing model with a 20% reduction on top of our already competitive pricing2

Product Development

We focus 70% of our budget on intermediary development (financial professionals and TPAs)3

Dedicated TPA Sales Consultants

We have a dedicated team of TPA sales consultants to support and lead TPAs

We’ll take on your administrative burden at no additional cost.

Four key components of the service:

  1. Notices are posted in one convenient place.
  2. Participants decide how they'll receive notices.
  3. Plan sponsor reports indicate when notices are delivered to participants.
  4. Notices are archived.
Leave it to us. 95% overall client satisfaction
See How We Work
Lynn Roy
About Lynn

We advocate for TPAs—in our firm and across the industry.

Our head of TPA Markets, Lynn Roy, is actively shining the spotlight on TPAs through her blog series. Check out her recent articles:

  • We're benefiting from working with TPAs

Read the Article

  • Uncovering the value of a TPA

Read the Article
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myPLANnetwork

A simple digital experience that does more.

Our TPA digital portal can help keep your business moving. Check out the benefits of myPLANnetwork:

  • Reporting capabilities
  • TPA fee adjustments
  • Training webinars
  • And much more
Visit myPLANnetwork

Growing your business: Tools for prospecting

We offer a comprehensive suite of useful tools that can help you target and win new business.

FiduciarySource®

This module series streamlines complex fiduciary topics into an easy-to-understand, comprehensive program, better preparing you as the expert when meeting with potential clients.

Reference Point

View trends in your industry and assess the behavior of plan participants from T. Rowe Price's recordkeeping book of business to inform and augment your sales efforts.

BrightScope® Beacon Reports

Get comprehensive, plan-level data that can enable higher-value interactions with prospects.

To learn more, contact your T. Rowe Price representative.

Visualize Retirement

Explore a new way to help clients visualize and prepare for the nonfinancial aspects of retirement.

There's so much we can do together to help you build your business. Connect with us and let's discuss the possibilities.

Contact Us

Important Information

1T. Rowe Price Core Market Sales Report, April 2022.

2A 20% reduction in pricing for target date default scenarios into a T. Rowe Price target date series is effective immediately.

3As of final product budget for 2022.

Retire With Confidence®
We’re driven by our purpose: To identify and actively invest in opportunities to help people thrive in an evolving world.
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T. Rowe Price Retirement Plan Services, Inc., its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this website (including all links) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or professional tax advisor regarding any legal or tax issues raised on this website.

T. Rowe Price Investment Services, Inc., distributor T. Rowe Price mutual funds ©2024 T. Rowe Price. All Rights Reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/or apart, trademarks of T. Rowe Price Group, Inc. RETIRE WITH CONFIDENCE is a trademark of T. Rowe Price Group, Inc.