2019
DC Survey: Plan Benchmarking

Data Sweep: Our latest findings on DC plans—for benchmarking a plan against its peers or just gleaning some new solutions

2019 Survey

Match Structure

Employers have many choices related to how matching contributions are structured. The two most common match formulas are traditional and fixed-dollar structures, which match 100% of participant contributions and are present in 40% of plans. Nearly as popular are stretch and tiered match formulas—at 28% and 22% of plans, respectively—which require higher levels of savings to receive the maximum match. Effective match rates are largely unchanged from prior years, but, as this year saw, a record 51% of plans now have a vesting schedule of two years or less.


Match Strategy

  • Traditional – E.g., 100% of first 3%
  • Stretch – E.g., 50% of first 6%
  • Tiered – E.g., 100% of 3%, plus 50% of next 2%
  • Fixed dollar – E.g., 50 cents per dollar contributed
  • Other type of formula

Match Rate

<3%
17%
3%
23%
3% – 6%
36%
≥6%
19%
Other
6%

100% Vesting in the Match Available

  • Immediately
  • In ≤2 years
  • In 3 – 5 years (cliff)
  • In 3 – 5 years (graded)
  • In ≥6 years (cliff)
  • In ≥6 years (graded)