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.

CBIZ Retirement Plan Services

DB CLIENT OVERVIEW
Total DB admin clients1246
Full outsourcing24%
DB and DC clients0%
DB PLAN OVERVIEW
Total DB plans501
Frozen plans31%
Cash balance plans4%
With <100 participants69%
With >5,000 participants2%
DB PARTICIPANT OVERVIEW
Total Participants445,000
Private/Corporate274%
Public/Government23%
Retired participants42%
All interactions on web31%
SPONSOR SERVICES OFFERED
Plan accounting / Master trustI
Trust and custody servicesE
Actuarial servicesIE
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.