SURVEY |
2020
Defined Benefit Administration Survey
Reported by PLANSPONSOR
| Art by Nadja Zinnecker
Providers
Conduent HR Services, LLC
| DB CLIENT OVERVIEW | |
|---|---|
| Total DB admin clients1 | 79 |
| Full outsourcing | 70% |
| DB and DC clients | 10% |
| DB PLAN OVERVIEW | |
|---|---|
| Total DB plans | 272 |
| Frozen plans | 28% |
| Cash balance plans | 16% |
| With <100 participants | 18% |
| With >5,000 participants | 33% |
| DB PARTICIPANT OVERVIEW | |
|---|---|
| Total Participants | 4,032,045 |
| Private/Corporate2 | 59% |
| Public/Government | 1% |
| Retired participants | 39% |
| All interactions on web | 95% |
| SPONSOR SERVICES OFFERED | |
|---|---|
| Plan accounting / Master trust | I |
| Trust and custody services | E |
| Actuarial services | P |
| Investment management | E |
| Liability-driven investing | E |
| Investment consulting | |
| PARTICIPANT ONLINE SERVICES | |
|---|---|
| Online initiation | Yes |
| Online elections | Yes |
| E-form processing | Yes |
| Online inquiry status | Yes |
| I = Internal; E = External; P = Partnership; = Supports service as of publication date; NR = Not Reported in time for publication |
| Footnote: |
| 1Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan-consulting-only clients. 2 Includes both single-employer and multi-employer/Taft-Hartley plans. |
