RESEARCH |

2020
Defined Benefit Administration Survey

Reported by PLANSPONSOR | Art by Nadja Zinnecker
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Introduction

Like our Recordkeeping Survey on the defined contribution side of the market, the DB Administration Survey showcases providers in the DB market—who the major players are, who they serve, what services they provide. Also included is information on overall market sizing.

Milliman, Inc.

DB CLIENT OVERVIEW
Total DB admin clients1187
Full outsourcing76%
DB and DC clients15%
DB PLAN OVERVIEW
Total DB plans343
Frozen plans59%
Cash balance plans33%
With <100 participants13%
With >5,000 participants17%
DB PARTICIPANT OVERVIEW
Total Participants1,112,589
Private/Corporate2NR
Public/GovernmentNR
Retired participants29%
All interactions on web60%
SPONSOR SERVICES OFFERED
Plan accounting / Master trustE
Trust and custody servicesE
Actuarial servicesI
Investment managementIE
Liability-driven investingIE
Investment consultingIE
PARTICIPANT ONLINE SERVICES
Online initiationYes
Online electionsYes
E-form processingYes
Online inquiry statusYes
I = Internal; E = External; P = Partnership; = Supports service as of publication date; NR = Not Reported in time for publication
Footnote:
1Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan-consulting-only clients.
2 Includes both single-employer and multi-employer/Taft-Hartley plans.