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    2010 Defined Contribution Survey

    PS1110-120-x-158_cvr.jpg Nov 13, 2010 (PLANSPONSOR.com) --

    For more than a decade, PLANSPONSOR's annual Defined Contribution Survey has been the most important industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own clients. Dozens of categories are rated in service to the employer as well as participant service.


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    2010 Defined Contribution Survey

    M&I Institutional Trust Services

    113 Responses (n/a of total plans)

    Respondents
    Micro  <$5MM19.5%
    Small  $5MM-$50MM53.1%
    Mid  $50MM-$200MM16.8%
    Large  $200MM-$1B9.7%
    Mega  >$1B0.9%
    Participant ServicesScoreBest In Class
    Micro  <$5MM94.0%10
    Small  $5MM-$50MM97.8%13
    Mid  $50MM-$200MM93.3%7
    Large  $200MM-$1B92.4%4
    Mega  >$1B0.0%0
    Sponsor ServicesScoreBest In Class
    Micro  <$5MM96.9%10
    Small  $5MM-$50MM98.6%10
    Mid  $50MM-$200MM94.4%9
    Large  $200MM-$1B95.5%7
    Mega  >$1B0.0%0
    Recommendation Likelihood
    Extremely Likely94.6%
    Moderately/Slightly5.4%
    Neutral0.0%
    Recommended Against0.0%
    Client Tenure
    More than seven years53.1%
    Five to seven years21.2%
    Three to five years14.2%
    Less than three years11.5%
    Respondent Metrics and Plan Design
    Average participation rate80.5%
    Clients with auto-enrollment36.1%
    Clients having written IPS68.3%
    Clients using adviser55.3%
    Top 2 Industries Represented
    1. Industrial Products17.0%
    2. Law/Legal Services10.7%









     

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