2020
DC Survey: Plan Benchmarking

2020 Survey

Fees

Plan fees remain a top concern of sponsors, as evidenced by the fact that 78% have calculated plan administrative fees during the prior plan year. Benchmarking of these fees also remains popular, with 51% of plans having done so. The allocation of administrative fees has changed little in the past four years; participants continue to bear the most responsibility for recordkeeping fees. But participants also continue to benefit from falling investment management fees: 70% of plans now have an average asset-weighted expense ratio of less than 0.50%, a notable increase from the 54% in 2017.

Calculated Administrative Fees in the Past 12 Months

Yes, and ­benchmarked fees
51%
Yes, but did not benchmark fees
27%
No
22%

Who Pays Recordkeeping Fees

  • Plan only – via participant accounts
  • Employer only – paid outside of plan
  • Both plan and employer
 

Average Asset-Weighted Investment Expense Ratio

  • <0.25%
  • 0.25% – 0.50%
  • >0.50% – 0.75%
  • >0.75% – 1.00%
  • >1.00%
 


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