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.

Schwab Retirement Plan Services, Inc.

DB CLIENT OVERVIEW
Total DB admin clients186
Full outsourcing100%
DB and DC clients62%
DB PLAN OVERVIEW
Total DB plans122
Frozen plansNR
Cash balance plans29%
With <100 participants42%
With >5,000 participants1%
DB PARTICIPANT OVERVIEW
Total Participants66,297
Private/Corporate294%
Public/Government0%
Retired participantsNR
All interactions on webNR
SPONSOR SERVICES OFFERED
Plan accounting / Master trust
Trust and custody servicesI
Actuarial servicesI
Investment management
Liability-driven investing
Investment consulting
PARTICIPANT ONLINE SERVICES
Online initiationYes
Online electionsNo
E-form processingNo
Online inquiry statusNo
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.