2020
DC Survey: Plan Benchmarking

2020 Survey

Impact of Headline Topics

Besides the pandemic creating headlines this year, recent and proposed legislative and regulatory changes may prompt sponsors to take action in two areas they have been slow to materially accept: environmental, social and governance (ESG) investing and in-plan retirement income solutions. Both are used by fewer than one in eight defined contribution (DC) plans, and it is unclear what effect these regulatory changes will have on sponsor interest. Programs to help employees manage student loan debt have also interested sponsors, with adoption having doubled since 2017.

Plans Offering ESG Investment Options

2017
12%
2018
8%
2019
11%
2020
11%

Plans Offering a Student Loan Repayment Program

2017
2%
2018
3%
2019
3%
2020
4%

Plans Offering an Income Creation Product/Strategy

2018
2020
Systematic withdrawal plan (SWP)
45%
48%
In-plan insurance-based product that guarantees monthly future income*
10%
11%
In-plan managed account provision that also helps with retirement income
27%
32%
Out-of-plan annuity purchase/bidding service
5%
7%
*E.g., QLACs [qualified longevity annuity contracts]; GMIB [guaranteed minimum income benefit] and GMWB [guaranteed minimum withdrawal benefit] products; fixed/variable annuities; etc.
E.g., Financial Engines Income+, Morningstar Income Secure, etc.
E.g., Hueler Income Solutions, etc.


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