RESEARCH |
2012
Defined Contribution Survey: Looking to the Stars
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…
Reported by PLANSPONSOR
Indutry Stats
Measures used to gauge plan success
| Measures used to gauge plan success | |||
|---|---|---|---|
| 2011 | 2012 | Change | |
| Participation rate | 64.8% | 65.2% | 0.6% |
| Deferral rates of various employee segments | 33.4% | 28.3% | -15.4% |
| Do not have any formal success measures. | 29.1% | 28.4% | -2.4% |
| Employee satisfaction (surveys) | 25.3% | 17.7% | -29.8% |
| Percent of participants saving to match | 25.0% | 19.9% | -20.5% |
| External/competitive benchmarking of plan design | 22.7% | 19.8% | -12.7% |
| Percent of participants with "appropriate" asset allocations | 14.1% | 11.3% | -19.8% |
| Percent of participants with using advice tools/seminars offered | 13.6% | 8.9% | -34.7% |
| Percent of participants who increased deferrals in past year | 12.1% | 8.7% | -27.8% |
