2021
DC Plan Benchmarking Survey

2021 Survey

2021 Survey

Plan Providers

Many DC plan recordkeepers service thousands of plans, allowing them to construct proprietary benchmarks based on actions their clients take. But this may also exhibit “hidden” bias, as clients share the common trait of having self-selected into the same grouping—e.g., the charts below show adoption of certain plan features based on responses from six recordkeepers similar in survey counts and response profiles. The range of values highlights the potential limitations of single-provider benchmarks and reinforces the key role independent, cross-provider sources play in the process.

Clients That Offer Defined Contribution Plan and Health Savings Accounts

Provider A
47%
Provider B
51%
Provider C
74%
Provider D
54%
Provider E
38%
Provider F
52%

Clients That Use a Safe Harbor Plan Design

Provider A
63%
Provider B
50%
Provider C
44%
Provider D
51%
Provider E
64%
Provider F
48%

Clients That Use a Default Deferral Rate of Less Than or Equal to 3 Percent of Salary

Provider A
42%
Provider B
50%
Provider C
42%
Provider D
39%
Provider E
49%
Provider F
58%

Clients That Offer Automatic Escalation

i.e., automatic deferral increases
Provider A
52%
Provider B
63%
Provider C
75%
Provider D
41%
Provider E
18%
Provider F
50%

Clients That Place a Limit on Automatic Escalation

Provider A
86%
Provider B
68%
Provider C
74%
Provider D
71%
Provider E
80%
Provider F
88%

 

PLANSPONSOR Industry Reports 2022

Unique defined contribution (DC) benchmarking tools based on feedback from roughly 3,000 employers

PLANSPONSOR Industry Reports in a nutshell:

  • 65+ pages in PDF format
  • Cover DC plans in 50 different industries
  • Compare client plans to others in the same industry and asset class, and overall
  • Available with your firm's branding or logo on every page
  • Distributable to sales staff or adviser network; post on your client site behind registration

Availability: December 2021
Contact Rob Reif / 212-217-6906 / robert.reif@issmediasolutions.com