2020
DC Survey: Plan Benchmarking

2020 Survey

Adviser Usage

The 2020 DC Survey found that 78% of defined contribution plans now work with a retirement plan adviser or institutional consultant, up from 68% in 2016, and 54% report having worked with their adviser for over seven years. Sponsors use advisers for a wide range of services, but those involving investment selection and monitoring are among the most common. Many sponsors choose to have advisers serve as co-fiduciaries for their plan, but smaller plans appear more open to 3(38) fiduciary services, whereby sponsors delegate the day-to-day investment decision making to their adviser.

Plans Using a Retirement Plan Adviser/Consultant

2016
68%
2017
71%
2018
73%
2019
76%
2020
78%

Length of Relationship with Adviser

  • <1 year
  • 1 – 2 years
  • 3 – 4 years
  • 5 – 7 years
  • >7 years

Plans Using Fiduciary Advisory Services

≤$100MM
>$100MM
3(38) fiduciary
37%
19%
3(21) fiduciary
48%
71%
No fiduciary status
15%
10%


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