2022
DC Plan Benchmarking Survey

Industry Types

Especially in the recent labor market, benefits programs are an important part of the competition for talent. Employers need to offer retirement programs that attract and retain the right people, which means finding a relevant group of peers/competitors within an industry context is a critical part of any benchmarking exercise. For example, employees of retail organizations or construction firms likely have needs and expectations that differ from those in financial services or law firms. That gives rise to differences in design areas, such as the use of re-enrollment, profit-sharing contributions and in-plan Roth conversions.