PLANSPONSOR - December 2022-February 2023 - 23

Plan Types
Contributions
The 401(k) is the most common employer-sponsored retirement plan. But
403(b) and 457 plans, which are associated with specific employee
populations and subject to their own sets of regulatory requirements, are
more likely to be structured for retirees. They are much more likely to offer
immediate eligibility to participate upon hire and systematic withdrawals
at retirement. 403(b) plans especially are more likely to supply retirement
income products, perhaps because legacy plans traditionally offered
such options to teachers. All plan types, however, show the same level of
in-person advice and guidance opportunities for participants.
Helps Participants Set Up/Manage Retirement Income
n 401(k) n 403(b) n 457
53% 53%
35%
7%
Offers systematic
withdrawals at retirement
14%
8%
5%
Offers in-plan retirement
income products
Offers Plan/s With Immediate Eligibility Upon Hiring
63%
60%
24%
401(k)
403(b)
457
Offers Participants One-on-One Meetings With Financial
Planner/Adviser Outside of the Plan
Profit-Sharing/Non-Matching Contribution Rates
<3%
Exactly 3%
>3% - 5%
>5% - 7%
51%
401(k)
55%
403(b)
52%
>7% - 10%
>10%
457
Other
6%
14%
9%
9%
21%
19%
22%
Offers a Matching Contribution
l Yes
l No
l Unsure
49%
Employer contributions that do not require participant deferrals are offered
by about half of DC plans. Unlike matching contributions, which are only
given to participants actively deferring into the DC plan, nonelective
and profit-sharing contributions are allocated to all employees. The most
popular contribution structure is a " pro-rata " profit-sharing plan in which
each participant receives an allocation equal to a uniform percentage of
the person's compensation. One-quarter of plans are using safe harbor
contributions, which allow them to provide employees with a minimum
saving amount and avoid going through annual discrimination testing.
Offers a Nonelective or Profit-Sharing Contribution
l Yes
l No
l Unsure
46%
2%
74%
24%
PLANSPONSOR.COM December 2022 - February 2023 23
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PLANSPONSOR - December 2022-February 2023

Table of Contents for the Digital Edition of PLANSPONSOR - December 2022-February 2023

INSIGHTS
RULES & REGULATIONS
PARTICIPANT ANALYSIS
UPFRONT
Risk Protection
Benchmarking Beyond Fees
Exploring ESG Investing
In Case of Emergency
Employee-Owned
FIDUCIARY FORUM
INSIDE ANGLE
PLAN PROFILE
PLANSPONSOR - December 2022-February 2023 - Cover1
PLANSPONSOR - December 2022-February 2023 - Cover2
PLANSPONSOR - December 2022-February 2023 - 1
PLANSPONSOR - December 2022-February 2023 - INSIGHTS
PLANSPONSOR - December 2022-February 2023 - 3
PLANSPONSOR - December 2022-February 2023 - RULES & REGULATIONS
PLANSPONSOR - December 2022-February 2023 - 5
PLANSPONSOR - December 2022-February 2023 - 6
PLANSPONSOR - December 2022-February 2023 - PARTICIPANT ANALYSIS
PLANSPONSOR - December 2022-February 2023 - UPFRONT
PLANSPONSOR - December 2022-February 2023 - 9
PLANSPONSOR - December 2022-February 2023 - 10
PLANSPONSOR - December 2022-February 2023 - 11
PLANSPONSOR - December 2022-February 2023 - 12
PLANSPONSOR - December 2022-February 2023 - 13
PLANSPONSOR - December 2022-February 2023 - Risk Protection
PLANSPONSOR - December 2022-February 2023 - 15
PLANSPONSOR - December 2022-February 2023 - 16
PLANSPONSOR - December 2022-February 2023 - 17
PLANSPONSOR - December 2022-February 2023 - Benchmarking Beyond Fees
PLANSPONSOR - December 2022-February 2023 - 19
PLANSPONSOR - December 2022-February 2023 - 20
PLANSPONSOR - December 2022-February 2023 - 21
PLANSPONSOR - December 2022-February 2023 - 22
PLANSPONSOR - December 2022-February 2023 - 23
PLANSPONSOR - December 2022-February 2023 - 24
PLANSPONSOR - December 2022-February 2023 - 25
PLANSPONSOR - December 2022-February 2023 - 26
PLANSPONSOR - December 2022-February 2023 - 27
PLANSPONSOR - December 2022-February 2023 - Exploring ESG Investing
PLANSPONSOR - December 2022-February 2023 - 29
PLANSPONSOR - December 2022-February 2023 - 30
PLANSPONSOR - December 2022-February 2023 - 31
PLANSPONSOR - December 2022-February 2023 - 32
PLANSPONSOR - December 2022-February 2023 - 33
PLANSPONSOR - December 2022-February 2023 - In Case of Emergency
PLANSPONSOR - December 2022-February 2023 - 35
PLANSPONSOR - December 2022-February 2023 - Employee-Owned
PLANSPONSOR - December 2022-February 2023 - 37
PLANSPONSOR - December 2022-February 2023 - FIDUCIARY FORUM
PLANSPONSOR - December 2022-February 2023 - INSIDE ANGLE
PLANSPONSOR - December 2022-February 2023 - PLAN PROFILE
PLANSPONSOR - December 2022-February 2023 - Cover3
PLANSPONSOR - December 2022-February 2023 - Cover4
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https://www.plansponsordigital.com/plansponsor/august_september_2022
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https://www.plansponsordigital.com/plansponsor/excellenceawards_2022
https://www.plansponsordigital.com/plansponsor/april_may_2022
https://www.plansponsordigital.com/plansponsor/february_march_2022
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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
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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
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https://www.plansponsordigital.com/plansponsor/october-november_2018
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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
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