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.

Aon

DB CLIENT OVERVIEW
Total DB admin clients1447
Full outsourcing45%
DB and DC clients0%
DB PLAN OVERVIEW
Total DB plans1,521
Frozen plans65%
Cash balance plans12%
With <100 participants2%
With >5,000 participants35%
DB PARTICIPANT OVERVIEW
Total Participants1,775,643
Private/Corporate284%
Public/Government4%
Retired participants36%
All interactions on webNR
SPONSOR SERVICES OFFERED
Plan accounting / Master trustI
Trust and custody servicesIEP
Actuarial servicesI
Investment managementI
Liability-driven investingI
Investment consultingI
PARTICIPANT ONLINE SERVICES
Online initiationYes
Online electionsYes
E-form processingYes
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.