2021
DC Plan Benchmarking Survey

Industry

Employers primarily compete for talent within an industry context and need to offer retirement programs that attract and retain the right people, which means finding a relevant group of peers/competitors is a critical part of any plan benchmarking exercise. For example, employees of retail organizations likely have needs and expectations that differ from those in white-collar industries such as law firms. So that gives rise to differences in plan design—e.g., law firms are more likely to use re-enrollment and offer profit-sharing contributions and Roth conversions.