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.

Correll Co.

DB CLIENT OVERVIEW
Total DB admin clients139
Full outsourcing97%
DB and DC clients41%
DB PLAN OVERVIEW
Total DB plans40
Frozen plans23%
Cash balance plans33%
With <100 participants78%
With >5,000 participants0%
DB PARTICIPANT OVERVIEW
Total Participants4,900
Private/Corporate280%
Public/Government0%
Retired participants18%
All interactions on web0%
SPONSOR SERVICES OFFERED
Plan accounting / Master trust
Trust and custody servicesP
Actuarial servicesP
Investment managementP
Liability-driven investing
Investment consulting
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.