2020
DC Survey: Plan Benchmarking

2020 Survey

Oversight

When it comes to plan governance practices, larger plans—i.e., with over $50 million in plan assets—tend to have the most. Almost all have either an investment committee or investment policy statement (ISP), with 90% having both, whereas fewer (<67%) micro plans—i.e., those with under $5 million—have either. Overall, both investment committees and ISPs were more common this year across nearly every plan size. Plans contracting 3(16) fiduciary services, where a third party assumes responsibility for certain plan administration decisions, was largely unchanged from last year’s findings.

Plan Has an Investment Committee

All plan sizes
77%
<$5MM
46%
$5MM – $50MM
82%
>$50MM – $200MM
97%
>$200MM
97%

Plan Has an IPS

All plan sizes
84%
<$5MM
67%
$5MM – $50MM
84%
>$50MM – $200MM
95%
>$200MM
94%

Plan Employs a Third-Party Administrator as 3(16) Fiduciary

  • Yes – TPA has broad scope
  • Yes – TPA has limited scope
  • No – TPA is not a 3(16) fiduciary
 


PLANSPONSOR Industry Reports 2021

Unique defined contribution (DC) benchmarking tools based on feedback from roughly 3,000 employers

PLANSPONSOR Industry Reports in a nutshell:

  • 65+ pages in PDF format
  • Cover DC plans in 50 different industries
  • Compare client plans to others in the same industry and asset class, and overall
  • Available with your firm's branding or logo on every page
  • Distributable to sales staff or adviser network; post on your client site behind registration

Availability: December 2020
Download more information here.
Contact Rob Reif / 212-217-6906 / robert.reif@issmediasolutions.com