PLANSPONSOR - April/May 2020 - 23
Most notably, the past decade saw an
increase in the percentage of frozen plans,
which jumped to 68% this year from 22%
in 2010. Further, retired and separated
participants now account for 63% of all
DB participants-vs. 56% in 2010. Both
factors can weigh on long-term revenue
growth by limiting the potential for
organic growth in participant counts.
Another threat comes in the form of
the growing pension risk transfer (PRT)
market. A LIMRA Secure Retirement
Institute (SRI) study last year found that
eight in 10 private-sector DB plan sponsors
that also offer a defined contribution
plan are at least somewhat interested in a
PRT transaction. LIMRA also reports that,
annually, the number of PRT contracts
had increased 76% from 2014 to 2018,
and a record 501 U.S. single-premium
pension buy-out contracts were sold last
year, totaling $28 billion.
While the next decade will likely see
the continuation of these trends, the news
is not all bad. Interest in cash balance plans
has grown in recent years thanks to legislative
changes that made such plans easier to
administer and fund. Perhaps most importantly,
DB plans are having an impact
on DC plan design, where professional
asset-allocation solutions such as targetdate
funds (TDFs) and managed accounts
are working to maximize participant
savings. Next up may be an increased level
of dialog on how DC plans generate retirement
income, something DB plans have
achieved with mixed results. Fortunately,
though, we have their legacy to learn from
and improve on. -PS Research
Methodology
The 2020 PLANSPONSOR Defined Benefit (DB) Administration Survey collected
information on the experience and capabilities of DB plan administration providers and
excludes providers focused on pension risk transfer (PRT) transactions or investmentonly,
consultant/advisory or actuarial services. All data presented are as of December
31, 2019, and include only full outsourcing and co-sourcing arrangements. Visit plansponsor.com
for additional findings from the survey, including data on providers that
responded after the survey deadline. Some new client restrictions may apply; contact
the provider for details. Items marked " NR " were " not reported " in time for publication.
Email surveys@issmediasolutions.com for more information.
PLANSPONSOR.COM April - May 2020 23
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PLANSPONSOR - April/May 2020
Table of Contents for the Digital Edition of PLANSPONSOR - April/May 2020
The Road Ahead
2020 DB Administration Survey
2020 Plan Sponsor of the Year Finalists
2020 PLANSPONSOR Service Stars
Same but Different
It Takes Two
Staying the Course
PLANSPONSOR - April/May 2020 - Cover1
PLANSPONSOR - April/May 2020 - Cover2
PLANSPONSOR - April/May 2020 - 1
PLANSPONSOR - April/May 2020 - 2
PLANSPONSOR - April/May 2020 - 3
PLANSPONSOR - April/May 2020 - 4
PLANSPONSOR - April/May 2020 - 5
PLANSPONSOR - April/May 2020 - 6
PLANSPONSOR - April/May 2020 - 7
PLANSPONSOR - April/May 2020 - 8
PLANSPONSOR - April/May 2020 - 9
PLANSPONSOR - April/May 2020 - 10
PLANSPONSOR - April/May 2020 - 11
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PLANSPONSOR - April/May 2020 - 14
PLANSPONSOR - April/May 2020 - 15
PLANSPONSOR - April/May 2020 - 16
PLANSPONSOR - April/May 2020 - 17
PLANSPONSOR - April/May 2020 - The Road Ahead
PLANSPONSOR - April/May 2020 - 19
PLANSPONSOR - April/May 2020 - 20
PLANSPONSOR - April/May 2020 - 21
PLANSPONSOR - April/May 2020 - 2020 DB Administration Survey
PLANSPONSOR - April/May 2020 - 23
PLANSPONSOR - April/May 2020 - 24
PLANSPONSOR - April/May 2020 - 25
PLANSPONSOR - April/May 2020 - 2020 Plan Sponsor of the Year Finalists
PLANSPONSOR - April/May 2020 - 27
PLANSPONSOR - April/May 2020 - 28
PLANSPONSOR - April/May 2020 - 29
PLANSPONSOR - April/May 2020 - 30
PLANSPONSOR - April/May 2020 - 31
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PLANSPONSOR - April/May 2020 - 35
PLANSPONSOR - April/May 2020 - 36
PLANSPONSOR - April/May 2020 - 37
PLANSPONSOR - April/May 2020 - 2020 PLANSPONSOR Service Stars
PLANSPONSOR - April/May 2020 - 39
PLANSPONSOR - April/May 2020 - 40
PLANSPONSOR - April/May 2020 - 41
PLANSPONSOR - April/May 2020 - 42
PLANSPONSOR - April/May 2020 - 43
PLANSPONSOR - April/May 2020 - Same but Different
PLANSPONSOR - April/May 2020 - 45
PLANSPONSOR - April/May 2020 - It Takes Two
PLANSPONSOR - April/May 2020 - 47
PLANSPONSOR - April/May 2020 - Staying the Course
PLANSPONSOR - April/May 2020 - 49
PLANSPONSOR - April/May 2020 - 50
PLANSPONSOR - April/May 2020 - 51
PLANSPONSOR - April/May 2020 - 52
PLANSPONSOR - April/May 2020 - Cover3
PLANSPONSOR - April/May 2020 - Cover4
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