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
Plan design elements
| Plan design elements | |||
|---|---|---|---|
| 2011 | 2012 | Change | |
| Auto-enrollment | 33.4% | 41.7% | 24.8% |
| Auto-deferral increases | 16.7% | 29.6% | 77.5% |
| Catch-up Contributions | NA | 97.1% | NA |
| Written IPS | 61.0% | 74.1% | 21.4% |
| Safe harbor provision | 41.7% | 49.4% | 18.4% |
| Employer match | 73.6% | 76.4% | 3.8% |
| Use a financial adviser | 61.2% | 66.4% | 8.5% |
| Loan provision | 76.5% | 82.5% | 7.9% |
| Hardship provision | 84.6% | 90.7% | 7.3% |
