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.

Fidelity Investments

DB CLIENT OVERVIEW
Total DB admin clients1201
Full outsourcing96%
DB and DC clients96%
DB PLAN OVERVIEW
Total DB plans837
Frozen plansNR
Cash balance plans22%
With <100 participants33%
With >5,000 participants16%
DB PARTICIPANT OVERVIEW
Total Participants4,324,994
Private/Corporate298%
Public/Government0%
Retired participants36%
All interactions on webNR
SPONSOR SERVICES OFFERED
Plan accounting / Master trustI
Trust and custody servicesI
Actuarial servicesI
Investment managementI
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.