2022
DC Plan Benchmarking Survey

Plan Sizes

It has long been put forward that differences in plan size correlate to differences in plan design, with larger plans—i.e., those with $200 million or more in plan assets—using their size and scale to adopt higher levels of plan oversight and lower investment fees. Such plans are also frequently the first to use more progressive design features. For example, larger plans were among the first to adopt automatic enrollment and remain more likely to offer the feature today, although smaller plans are catching up. Large plans are also more likely to follow some accepted fiduciary best practices, such as having an investment committee.