2021
DC Plan Benchmarking Survey

2021 Survey

2021 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.

Offers Nonelective or Profit-Sharing Contributions

These contributions generally do not require participant contributions
Building / Construction
59%
Banking / Financial Services
62%
Health Care
64%
Law
83%
Manufacturing – Consumer Products
47%
Manufucturing – Industrial Products
39%
Retail
46%
Technology / Telecommunications
45%
Wholesale / Distribution
35%
All Other Industries
48%

Allows In-Plan Roth Conversions for Its DC Plan/s

Building / Construction
40%
Banking / Financial Services
63%
Health Care
42%
Law
63%
Manufacturing – Consumer Products
52%
Manufacturing – Industrial Products
31%
Retail
39%
Technology / Telecommunications
48%
Wholesale / Distribution
47%
All Other Industries
42%

Has Used/Tried ‘Re-enrollment’ in the Past 3 Years

i.e., re-enrolling employees not participating in the plan, requiring them to opt out again or else be enrolled
Building / Construction
5%
Banking / Financial Services
4%
Health Care
9%
Law
12%
Manufacturing – Consumer Products
22%
Manufacturing – Industrial Products
4%
Retail
13%
Technology / Telecommunications
9%
Wholesale / Distribution
9%
All Other Industries
12%

 

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