2020
Defined Benefit Administration Survey

Industry Snapshot

The overall defined benefit industry continues to mature ...


DB Plans, by Plan Status

DB Plan Participants, by Status


... while interest in cash balance plans has increased. 

In its 2018 National Cash Balance Plan Report, Kravitz, Inc., an Ascensus company, analyzed IRS Form 5500 filings and found that cash balance plans have more than tripled since 2010. While our data also show plan growth, it tends to fall short of Kravitz’s totals, especially among the smallest plans, which Kravitz estimates make up 57% of plans (vs. 23% in our data). Perhaps new plans are being administered internally. Regardless, cash balance plans are most common among professional-service industries.

Cash Balance Plans

Cash Balance Plans, by Participants

<10 participants
18%
10 – 99 participants
18%
100 – 999 participants
34%
1,000 – 4,999 participants
22%
5,000 – 9,999 participants
8%

Plans Offering Cash Balance Plans*

Utilities
32%
Oil & gas/energy
19%
Telecom
18%
Law firms
14%
Chemicals
11%
All other industries
6%
*Data  is  from  the  2019  PLANSPONSOR  Industry  Reports