2020
Defined Benefit Administration Survey

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.

Principal Financial Group

DB CLIENT OVERVIEW
Total DB admin clients1941
Full outsourcing100%
DB and DC clientsNR
DB PLAN OVERVIEW
Total DB plans2,677
Frozen plansNR
Cash balance plans4%
With <100 participants82%
With >5,000 participants1%
DB PARTICIPANT OVERVIEW
Total Participants434,408
Private/Corporate295%
Public/Government3%
Retired participants35%
All interactions on webNR
SPONSOR SERVICES OFFERED
Plan accounting / Master trustI
Trust and custody servicesI
Actuarial servicesI
Investment managementI
Liability-driven investingI
Investment consultingI
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.