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.

CUNA Mutual Retirement Solutions

DB CLIENT OVERVIEW
Total DB admin clients1577
Full outsourcing100%
DB and DC clients68%
DB PLAN OVERVIEW
Total DB plans580
Frozen plans18%
Cash balance plans19%
With <100 participants85%
With >5,000 participants0%
DB PARTICIPANT OVERVIEW
Total Participants37,477
Private/Corporate2100%
Public/Government0%
Retired participants4%
All interactions on web>90%
SPONSOR SERVICES OFFERED
Plan accounting / Master trustIP
Trust and custody servicesIP
Actuarial servicesI
Investment managementIEP
Liability-driven investingIE
Investment consultingIEP
PARTICIPANT ONLINE SERVICES
Online initiationNo
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.