2019
Defined Benefit Administration Survey

Seeking the Best Outcomes: DB plan sponsors continue to hunt for the ideal partner in a complex market

Introduction

Like our Recordkeeping Survey on the defined contribution side of the market, the DB Administration Survey showcases providers in the DB market—who the major players are, who they serve, what services they provide. Also included is information on overall market sizing.

Lincoln Financial Group

DB CLIENT OVERVIEW
Total DB admin clients114
% Full outsourcing100%
% DB and DC clients100%
DB PLAN OVERVIEW
Total DB plans30
% Frozen plans273%
% Cash balance plans10%
% PLANS, BY NUMBER OF PARTICIPANTS
<100 participants5 (17%)
100 – 1,000 participants12 (40%)
1,001 – 5,000 participants6 (20%)
>5,000 participants7 (23%)
DB PARTICIPANT OVERVIEW
U.S. DB participants78,020
% Private/Corporate31%
% Public/Government1%
% Retired participants27%
% All interactions on web78%
SPONSOR SERVICES OFFERED
Plan accounting / Master trust
Trust and custody services P
Actuarial services P
Investment management
Liability-driven investing
Investment consulting
PARTICIPANT ONLINE SERVICES
Online initiation
Online elections
E-form processing
Online inquiry status
Online calculations4
Comparison of online calculation
I = Internal; E = External; P = Partnership; = Supports service as of publication date; NR = Not Reported in time for publication
Footnote:
1Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan-consulting-only clients.
2 Includes partially frozen, soft-frozen and hard-frozen defined benefit plans.
3 Includes both single-employer and multi-employer/Taft-Hartley plans.
4 Reflects a provider's ability to provide actual/binding benefit calculations online; nearly all providers are able to offer nonbinding estimates of benefit accruals.