2020
DC Survey: Plan Benchmarking

2020 Survey

Default Deferral Rate

Many factors influence participant outcomes, but savings rates are often viewed as one of the best measures of long-term success—participants who save more stand to accumulate more over time. Because of this, it is encouraging to see that automatic enrollment continues to push savings rates higher: The percentage of defined contribution plans with a default deferral rate over 3%, a common benchmark, reached 52% this year—an all-time high. Not surprisingly, higher default deferral rates are also correlated with higher average overall participant deferral rates.

Default Deferral Rate

  • ≤2%
  • 3%
  • 4%
  • 5%
  • ≥6%
  • Other

Plans With a >3% Default Deferral Rate

2014
42%
2015
41%
2016
42%
2017
47%
2018
48%
2019
48%
2020
52%

Average Participant Deferral Rate, by Default Rate

<3%
6.2%
3% – 5%
7.3%
>5%
8.4%


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