2020
DC Survey: Plan Benchmarking

2020 Survey

Impact of COVID-19

The economic impact of the pandemic reverberated through sponsor and participant behaviors on a limited scale. Average plan participation rates are slightly higher than last year, while average participant deferral rates have moved lower, perhaps due to changes in participant composition from layoffs or furloughs. While some employers (7%) have reduced or suspended matching contributions, most of them are in the midsize plan category—i.e., with $25 million to $100 million in plan assets. Overall, 59% of employers that did reduce/suspend their match hope to reinstate it in Q1 2021.

Plan Outcomes

Overall Participation Rate

All plan sizes
<$5MM
December 2019
79.3%
74.3%
June 2020
80.1%
74.5%

Overall Deferral Rate

All plan sizes
<$5MM
December 2019
7.6%
7.2%
June 2020
7.4%
6.6%

Match Suspensions, by Plan Asset Size

All plan sizes
7%
<$5MM
5%
$25MM – $100MM
12%
>$100MM
7%

When Match Suspensions Will Be Reinstated

End of 2020
21%
Early 2021 (Q1 – Q2)
38%
End of 2021
13%
2022 or later
3%
Unsure
25%


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