Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 30th, 2015
Editor’s Note
Today, we bring you a special edition of NewsDash, highlighting findings of our 2015 Defined Contribution Survey.
PLANSPONSOR 2015 DC Survey Insights
Insights: Happily Ever After
Our 2015 Defined Contribution (DC) Survey of plan sponsors shows more sponsors say they formally evaluate their provider annually, up to 64% from 30% in 2010—experts generally suggest every three years or so is sufficient. We’ve also seen a continued trend of long-tenured relationships with recordkeepers; 48% of plan sponsors have spent seven years or more with their providers. Some naysayers have suggested that these two data points are at odds—in other words, if plan sponsors really are reviewing their providers regularly, tenures should start to shorten. I don’t agree. In fact, I think there may be reasons that more frequent benchmarking can lead to longer provider tenures.Read more >