PLANSPONSOR - April/May 2019 - 48
2019 Defined Benefit Administration Survey
SEEKING
BEST
DB plan
sponsors
continue to
hunt for
the ideal
partner in
a complex
market
THE DEFINED BENEFIT (DB) industry is not necessarily known for innovation. The industry
long ago solved several issues that are spurring change in the defined contribution (DC) space
such as under-enrollment and lifetime income. The innovation occurring today in DB plans
appears to play out in opportunities for sponsors to better manage their own risk, through
pension risk transfer, or more focused plan design such as cash balance plans.
Overall, the DB market has continued its graceful fade as measured against the DC
industry, but plan administrators remain successful in chasing down opportunities that
remain. For example, the 18 providers that responded to our PLANSPONSOR Defined
Benefit Administration Survey, both this year and in 2014, the last time we ran it, saw
plan counts increase significantly, from 8,805 to 10,751. According to Brian O'Keefe,
PLANSPONSOR's director of research and surveys, " This may suggest a concentration of
plans among the more committed providers or reflect the growth in DB and cash-balanceplan
use among small plans. "
Perhaps surprisingly, the percentage of clients bundling DB and DC plans has dropped,
from 31% to 25%. At the same time, the percentage of plans where the administrator also
does actuarial work also dropped-from 53% to 41%, O'Keefe says. " In a world of consolidation
and simplification, one might expect such numbers to increase as provider choice
decreased, but we don't see that in the data. "
DB plan administration providers have made subtle changes to participant-service capabilities
over the past five years as companies seek to improve efficiency and, likely, profitability in
the business. For example, fewer providers reported offering online, phone and on-site planning
and distribution advice. The percentage of interactions done on the web, as reported among
48 PLANSPONSOR.com April - May 2019
Art by Daniel Shaffer
OUTCOMES
the
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PLANSPONSOR - April/May 2019
Table of Contents for the Digital Edition of PLANSPONSOR - April/May 2019
2019 Plan Sponsor of the Year Winners and Honorees
2019 DB Administration Survey
2019 PLANSPONSOR Service Stars
Acting on ESG Principles
Pension Risk Transfers Increase
Out of Harm's Way
PLANSPONSOR - April/May 2019 - C1
PLANSPONSOR - April/May 2019 - FC1
PLANSPONSOR - April/May 2019 - FC2
PLANSPONSOR - April/May 2019 - C2
PLANSPONSOR - April/May 2019 - 1
PLANSPONSOR - April/May 2019 - 2
PLANSPONSOR - April/May 2019 - 3
PLANSPONSOR - April/May 2019 - 4
PLANSPONSOR - April/May 2019 - 5
PLANSPONSOR - April/May 2019 - 6
PLANSPONSOR - April/May 2019 - 7
PLANSPONSOR - April/May 2019 - 8
PLANSPONSOR - April/May 2019 - 9
PLANSPONSOR - April/May 2019 - 10
PLANSPONSOR - April/May 2019 - 11
PLANSPONSOR - April/May 2019 - 12
PLANSPONSOR - April/May 2019 - 13
PLANSPONSOR - April/May 2019 - 14
PLANSPONSOR - April/May 2019 - 15
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PLANSPONSOR - April/May 2019 - 19
PLANSPONSOR - April/May 2019 - 20
PLANSPONSOR - April/May 2019 - 21
PLANSPONSOR - April/May 2019 - 2019 Plan Sponsor of the Year Winners and Honorees
PLANSPONSOR - April/May 2019 - 23
PLANSPONSOR - April/May 2019 - 24
PLANSPONSOR - April/May 2019 - 25
PLANSPONSOR - April/May 2019 - 26
PLANSPONSOR - April/May 2019 - 27
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PLANSPONSOR - April/May 2019 - 46
PLANSPONSOR - April/May 2019 - 47
PLANSPONSOR - April/May 2019 - 2019 DB Administration Survey
PLANSPONSOR - April/May 2019 - 49
PLANSPONSOR - April/May 2019 - 50
PLANSPONSOR - April/May 2019 - 51
PLANSPONSOR - April/May 2019 - 52
PLANSPONSOR - April/May 2019 - 53
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PLANSPONSOR - April/May 2019 - 55
PLANSPONSOR - April/May 2019 - 56
PLANSPONSOR - April/May 2019 - 57
PLANSPONSOR - April/May 2019 - 2019 PLANSPONSOR Service Stars
PLANSPONSOR - April/May 2019 - 59
PLANSPONSOR - April/May 2019 - 60
PLANSPONSOR - April/May 2019 - 61
PLANSPONSOR - April/May 2019 - 62
PLANSPONSOR - April/May 2019 - 63
PLANSPONSOR - April/May 2019 - 64
PLANSPONSOR - April/May 2019 - 65
PLANSPONSOR - April/May 2019 - 66
PLANSPONSOR - April/May 2019 - 67
PLANSPONSOR - April/May 2019 - Acting on ESG Principles
PLANSPONSOR - April/May 2019 - 69
PLANSPONSOR - April/May 2019 - Pension Risk Transfers Increase
PLANSPONSOR - April/May 2019 - 71
PLANSPONSOR - April/May 2019 - Out of Harm's Way
PLANSPONSOR - April/May 2019 - 73
PLANSPONSOR - April/May 2019 - 74
PLANSPONSOR - April/May 2019 - 75
PLANSPONSOR - April/May 2019 - 76
PLANSPONSOR - April/May 2019 - C3
PLANSPONSOR - April/May 2019 - C4
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