PLANSPONSOR - April - May 2022 - 29

NEW RESEARCH
Industry Report
Data Available From
PLANSPONSOR
The 2022 Industry Reports feature proprietary data collected in late
2021 by PLANSPONSOR in its annual Defined Contribution Survey.
The reports highlight various plan design features and outcomes from
approximately 50 industries.
2022
Defined Contribution Plan
Industry Report
Financial Services
Email Robert.Reif@issmediasolutions.com
for additional information.
Does your organization have an investment committee for the DC plan?
All Industries
Overall <$5MM
Yes - committee includes
only INTERNAL employees
Yes - committee includes
only people EXTERNAL to
our company
Yes - committee includes a
MIX OF INTERNAL AND
EXTERNAL people
Yes - but unsure of
composition of investment
committee
No - plan does not have an
investment committee
Unsure / Don't Know
$5MM -
$10MM
>$50MM$200MM
>$200MM$1B
>$1B
Overall <$5MM
$5MM -
$10MM
Financial Services
>$50MM$200MM
>$200MM$1B
>$1B
39.4%
19.7% 40.3% 48.9% 58.1% 67.9% 61.1% 45.0% 52.2% 100.0% 69.2% 75.0%
1.9% 2.2% 1.8% 1.7% 0.9% 2.8% 1.4% 0.0% 0.0% 0.0% 0.0% 12.5%
29.4% 15.6% 34.4% 43.8% 34.2% 26.4% 15.3% 15.0% 21.7% 0.0% 15.4% 12.5%
0.9% 0.5% 1.0% 1.1% 0.9% 0.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
22.3% 49.3% 17.8% 3.4% 1.7% 1.9% 18.1% 35.0% 21.7% 0.0% 7.7% 0.0%
6.1% 12.7% 4.7% 1.1% 4.3% 0.0% 4.2% 5.0% 4.3% 0.0% 7.7% 0.0%
For TKTKtk use only.
Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022.
91
What percentage of active participants are deferring enough salary to take full
advantage of the maximum employer match?
All Industries
Overall <$5MM
All or nearly all participants
(90% or more)
More than average (more
than 50% but less than 75%)
Less than average (more
than 25% but less than 50%)
A minority (between 10%
and 25%)
Very few (<10%)
Unsure/Don't Know
$5MM -
$10MM
>$50MM$200MM
>$200MM$1B
>$1B
Overall <$5MM
Financial Services
$5MM -
$10MM
>$50MM$200MM
>$200MM$1B
>$1B
28.7%
39.9% 22.6% 24.3% 23.3% 35.6% 40.8% 63.6% 26.7% 33.3% 30.0% 66.7%
Vast majority (75% or more) 23.3% 17.4% 22.8% 29.7% 24.4% 29.9% 23.3% 17.4% 22.8% 29.7% 24.4% 29.9%
23.1% 14.7% 25.7% 25.7% 32.2% 23.0% 23.1% 14.7% 25.7% 25.7% 32.2% 23.0%
10.7% 8.5% 12.9% 9.5% 14.4% 5.7% 10.7% 8.5% 12.9% 9.5% 14.4% 5.7%
3.8% 5.4% 4.2% 4.7% 0.0% 0.0% 3.8% 5.4% 4.2% 4.7% 0.0% 0.0%
2.9% 5.8% 2.6% 1.4% 0.0% 1.1% 2.9% 5.8% 2.6% 1.4% 0.0% 1.1%
7.5% 8.1% 9.2% 4.7% 5.6% 4.6% 7.5% 8.1% 9.2% 4.7% 5.6% 4.6%
For TKTKtk use only.
Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022.
54
What is the approximate average asset-weighted expense ratio of all investment options
in your plan?
All Industries
Overall <$5MM
Less than 0.25% (25 bps)
0.25-.50% (25-50 bps)
0.50-.75% (51-75 bps)
0.75%-1% (76-100 bps)
1%-1.5% (101-150 bps)
More than 1.5%
(more than 150 bps)
Unsure / Don't Know
$5MM -
$10MM
>$50MM$200MM
>$200MM$1B
>$1B
Overall <$5MM
Financial Services
$5MM -
$10MM
>$50MM$200MM
>$200MM$1B
>$1B
18.0%
10.4% 16.5% 17.2% 24.6% 47.5% 22.9% 19.0% 22.7% 28.6% 0.0% 57.1%
26.1% 17.9% 24.7% 33.9% 42.1% 32.3% 31.4% 42.9% 13.6% 14.3% 58.3% 28.6%
12.8% 9.3% 15.3% 18.4% 14.0% 3.0% 18.6% 28.6% 18.2% 14.3% 16.7% 0.0%
4.4% 4.0% 6.2% 3.4% 1.8% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
2.0% 3.2% 2.3% 0.6% 0.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.2% 0.3% 0.0% 0.0% 0.0% 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
36.5% 54.9% 35.1% 26.4% 16.7% 14.1% 27.1% 9.5% 45.5% 42.9% 25.0% 14.3%
For TKTKtk use only. Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022.
67

PLANSPONSOR - April - May 2022

Table of Contents for the Digital Edition of PLANSPONSOR - April - May 2022

INSIGHTS
INDUSTRY ANALYSIS
RULES & REGULATIONS
UPFRONT
The DE&I Lens
By Design
Things People Do
Leakproof Your Plan
The ESG Decision
When Retirees Stay in the Plan
PLANSPONSOR - April - May 2022 - Cover1
PLANSPONSOR - April - May 2022 - CT1
PLANSPONSOR - April - May 2022 - CT2
PLANSPONSOR - April - May 2022 - Cover2
PLANSPONSOR - April - May 2022 - 1
PLANSPONSOR - April - May 2022 - INSIGHTS
PLANSPONSOR - April - May 2022 - 3
PLANSPONSOR - April - May 2022 - INDUSTRY ANALYSIS
PLANSPONSOR - April - May 2022 - 5
PLANSPONSOR - April - May 2022 - RULES & REGULATIONS
PLANSPONSOR - April - May 2022 - 7
PLANSPONSOR - April - May 2022 - 8
PLANSPONSOR - April - May 2022 - 9
PLANSPONSOR - April - May 2022 - UPFRONT
PLANSPONSOR - April - May 2022 - 11
PLANSPONSOR - April - May 2022 - 12
PLANSPONSOR - April - May 2022 - 13
PLANSPONSOR - April - May 2022 - 14
PLANSPONSOR - April - May 2022 - 15
PLANSPONSOR - April - May 2022 - 16
PLANSPONSOR - April - May 2022 - 17
PLANSPONSOR - April - May 2022 - The DE&I Lens
PLANSPONSOR - April - May 2022 - 19
PLANSPONSOR - April - May 2022 - 20
PLANSPONSOR - April - May 2022 - 21
PLANSPONSOR - April - May 2022 - By Design
PLANSPONSOR - April - May 2022 - 23
PLANSPONSOR - April - May 2022 - 24
PLANSPONSOR - April - May 2022 - 25
PLANSPONSOR - April - May 2022 - 26
PLANSPONSOR - April - May 2022 - 27
PLANSPONSOR - April - May 2022 - Things People Do
PLANSPONSOR - April - May 2022 - 29
PLANSPONSOR - April - May 2022 - 30
PLANSPONSOR - April - May 2022 - 31
PLANSPONSOR - April - May 2022 - Leakproof Your Plan
PLANSPONSOR - April - May 2022 - 33
PLANSPONSOR - April - May 2022 - The ESG Decision
PLANSPONSOR - April - May 2022 - 35
PLANSPONSOR - April - May 2022 - When Retirees Stay in the Plan
PLANSPONSOR - April - May 2022 - 37
PLANSPONSOR - April - May 2022 - 38
PLANSPONSOR - April - May 2022 - 39
PLANSPONSOR - April - May 2022 - 40
PLANSPONSOR - April - May 2022 - Cover3
PLANSPONSOR - April - May 2022 - Cover4
https://www.plansponsordigital.com/plansponsor/april_may_2022
https://www.plansponsordigital.com/plansponsor/february_march_2022
https://www.plansponsordigital.com/plansponsor/december_2021_january_2022
https://www.plansponsordigital.com/plansponsor/october_november_2021
https://www.plansponsordigital.com/plansponsor/august_september_2021
https://www.plansponsordigital.com/plansponsor/june_july_2021
https://www.plansponsordigital.com/plansponsor/april-may_2021
https://www.plansponsordigital.com/plansponsor/february-march_2021
https://www.plansponsordigital.com/plansponsor/december-january_2021
https://www.plansponsordigital.com/plansponsor/october-november_2020
https://www.plansponsordigital.com/plansponsor/august-september_2020
https://www.plansponsordigital.com/plansponsor/june-july_2020
https://www.plansponsordigital.com/plansponsor/april-may_2020
https://www.plansponsordigital.com/plansponsor/february-march_2020
https://www.plansponsordigital.com/plansponsor/december-january_2020
https://www.plansponsordigital.com/plansponsor/october-november_2019
https://www.plansponsordigital.com/plansponsor/august-september_2019
https://www.plansponsordigital.com/plansponsor/june-july_2019
https://www.plansponsordigital.com/plansponsor/april-may_2019
https://www.plansponsordigital.com/plansponsor/february-march_2019
https://www.plansponsordigital.com/plansponsor/december_2018-january_2019
https://www.plansponsordigital.com/plansponsor/october-november_2018
https://www.plansponsordigital.com/plansponsor/august-september_2018
https://www.plansponsordigital.com/plansponsor/june-july_2018
https://www.plansponsordigital.com/plansponsor/april-may_2018
https://www.plansponsordigital.com/plansponsor/february-march_2018
https://www.plansponsordigital.com/plansponsor/december_2017-january_2018
https://www.plansponsordigital.com/plansponsor/november_december_2017
https://www.plansponsordigital.com/plansponsor/october_2017
https://www.plansponsordigital.com/plansponsor/september_2017
https://www.nxtbookmedia.com