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.

Transamerica Retirement Solutions, LLC (Transamerica)

DB CLIENT OVERVIEW
Total DB admin clients1133
Full outsourcing83%
DB and DC clients56%
DB PLAN OVERVIEW
Total DB plans234
Frozen plans53%
Cash balance plans12%
With <100 participants22%
With >5,000 participants20%
DB PARTICIPANT OVERVIEW
Total Participants421,155
Private/Corporate271%
Public/Government15%
Retired participants38%
All interactions on web50%
SPONSOR SERVICES OFFERED
Plan accounting / Master trustE
Trust and custody servicesIE
Actuarial servicesIP
Investment managementIEP
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.