RESEARCH |
2021
DC Plan Benchmarking Survey
By studying trends in DC plan design and usage, sponsors can benchmark and improve their own plans.
Reported by PLANSPONSOR
| Art by Georgie McAusland
2021 Survey
Plan Types
The 401(k) plan is by far the most common employer-sponsored retirement plan. Not surprisingly, this also means that 401(k) plan benchmarking data is often easier to come by than similar data focused on 403(b), 457 or other retirement plans. However, plan types—like industries—are commonly connected to specific employee populations. They are also subject to different regulatory requirements. Combined, these factors can lead to different plan design considerations, most notably in areas related to eligibility, retirement income creation, and in-person advice and guidance.
