PLANSPONSOR - January - February 2024 - 5

NEW RESEARCH
New DC Plan Benchmarking
Data Available!
With input from thousands of employers,
the 2024 PLANSPONSOR DC Plan Benchmarking
Report provides in-depth coverage of DC plan
design and investments for 50+ industries.
The 100+ page reports* include:
* Comparisons by asset size category
* Plan types and design features
* Auto features
* Participation and eligibility
* Employer match
* Plan investments
* Retirement income
* Fees / expenses
* Defined contribution providers
* Plan oversight and administration
Reports by Industry are also available.
To learn more about this opportunity or about our audience, please contact
Rob Reif at 212-217-6906 or Robert.Reif@issmediasolutions.com
*Subject to usage terms/compliance in licensing agreement.
Do you charge an initiation or orgination fee for new loans?
All Industries
Overall
401(k)
403(b)
457
Money Purchase
Profit Sharing
ESOP / KSOP*
Nonqualified Deferred
Compensation (NQDC)
MEP/PEP (adopting employer)
SEP
SIMPLE IRA
Other plan types
83.8%
7.8%
15.0%
1.7%
15.6%
3.1%
10.3%
0.2%
0.4%
0.9%
4.0%
<$1MM
95.1%
3.7%
1.1%
1.1%
10.5%
0.0%
0.4%
0.0%
0.0%
1.5%
0.0%
$1MM$5MM
94.0%
4.5%
2.3%
0.9%
17.7%
1.8%
1.1%
0.0%
0.6%
0.9%
0.0%
>$5MM
-
$10MM
93.4%
4.8%
4.8%
0.3%
18.2%
1.4%
0.9%
0.0%
0.0%
0.9%
0.0%
>$10MM$25MM
92.3%
8.6%
5.5%
0.9%
19.0%
2.5%
2.8%
0.0%
0.3%
0.3%
0.0%
>$25MM$50MM
89.7%
9.2%
7.0%
0.4%
17.6%
5.5%
9.5%
0.0%
0.7%
1.1%
0.0%
>$50MM$100MM
86.2%
7.9%
7.4%
2.6%
19.0%
4.2%
13.8%
0.0%
1.1%
0.0%
0.0%
*Includes
both Employee Stock Ownership Plans (ESOP) and plans that combine an ESOP with a 401(k) plan (KSOP)
>$100MM$200MM
91.0%
6.9%
11.0%
2.1%
20.7%
6.2%
18.6%
0.0%
0.0%
1.4%
0.0%
>$200MM$500MM
90.2%
3.8%
8.3%
3.0%
14.3%
6.0%
19.5%
0.0%
0.0%
0.0%
0.0%
>$500MM$1B
89.0%
13.7%
21.9%
2.7%
30.1%
2.7%
21.9%
0.0%
1.4%
2.7%
0.0%
>$1B
81.8%
14.3%
21.4%
3.9%
12.3%
7.1%
42.9%
0.0%
0.6%
0.6%
0.0%
Does
your organization offer any of these additional workplace retirement/savings plans?
All Industries
Overall
401(k)
403(b)
457
Money Purchase
Profit Sharing
ESOP / KSOP*
Nonqualified Deferred
Compensation (NQDC)
MEP/PEP (adopting employer)
SEP
SIMPLE IRA
Other plan types
83.8%
7.8%
15.0%
1.7%
15.6%
3.1%
10.3%
0.2%
0.4%
0.9%
4.0%
<$1MM
95.1%
3.7%
1.1%
1.1%
10.5%
0.0%
0.4%
0.0%
0.0%
1.5%
0.0%
$1MM$5MM
94.0%
4.5%
2.3%
0.9%
17.7%
1.8%
1.1%
0.0%
0.6%
0.9%
0.0%
>$5MM
-
$10MM
93.4%
4.8%
4.8%
0.3%
18.2%
1.4%
0.9%
0.0%
0.0%
0.9%
0.0%
>$10MM$25MM
92.3%
8.6%
5.5%
0.9%
19.0%
2.5%
2.8%
0.0%
0.3%
0.3%
0.0%
>$25MM$50MM
89.7%
9.2%
7.0%
0.4%
17.6%
5.5%
9.5%
0.0%
0.7%
1.1%
0.0%
>$50MM$100MM
86.2%
7.9%
7.4%
2.6%
19.0%
4.2%
13.8%
0.0%
1.1%
0.0%
0.0%
*Includes
both Employee Stock Ownership Plans (ESOP) and plans that combine an ESOP with a 401(k) plan (KSOP)
>$100MM$200MM
91.0%
6.9%
11.0%
2.1%
20.7%
6.2%
18.6%
0.0%
0.0%
1.4%
0.0%
>$200MM$500MM
90.2%
3.8%
8.3%
3.0%
14.3%
6.0%
19.5%
0.0%
0.0%
0.0%
0.0%
>$500MM$1B
89.0%
13.7%
21.9%
2.7%
30.1%
2.7%
21.9%
0.0%
1.4%
2.7%
0.0%
>$1B
81.8%
14.3%
21.4%
3.9%
12.3%
7.1%
42.9%
0.0%
0.6%
0.6%
0.0%
What
type of DC plan does your organization offer?
All Industries
Overall
401(k)
403(b)
457
Money Purchase
Profit Sharing
ESOP / KSOP*
Nonqualified Deferred
Compensation (NQDC)
MEP/PEP (adopting employer)
SEP
SIMPLE IRA
Other plan types
83.8%
7.8%
15.0%
1.7%
15.6%
3.1%
10.3%
0.2%
0.4%
0.9%
4.0%
<$1MM
95.1%
3.7%
1.1%
1.1%
10.5%
0.0%
0.4%
0.0%
0.0%
1.5%
0.0%
$1MM$5MM
94.0%
4.5%
2.3%
0.9%
17.7%
1.8%
1.1%
0.0%
0.6%
0.9%
0.0%
>$5MM
-
$10MM
93.4%
4.8%
4.8%
0.3%
18.2%
1.4%
0.9%
0.0%
0.0%
0.9%
0.0%
>$10MM$25MM
92.3%
8.6%
5.5%
0.9%
19.0%
2.5%
2.8%
0.0%
0.3%
0.3%
0.0%
>$25MM$50MM
89.7%
9.2%
7.0%
0.4%
17.6%
5.5%
9.5%
0.0%
0.7%
1.1%
0.0%
>$50MM$100MM
86.2%
7.9%
7.4%
2.6%
19.0%
4.2%
13.8%
0.0%
1.1%
0.0%
0.0%
*Includes
both Employee Stock Ownership Plans (ESOP) and plans that combine an ESOP with a 401(k) plan (KSOP)
>$100MM$200MM
91.0%
6.9%
11.0%
2.1%
20.7%
6.2%
18.6%
0.0%
0.0%
1.4%
0.0%
>$200MM$500MM
90.2%
3.8%
8.3%
3.0%
14.3%
6.0%
19.5%
0.0%
0.0%
0.0%
0.0%
>$500MM$1B
89.0%
13.7%
21.9%
2.7%
30.1%
2.7%
21.9%
0.0%
1.4%
2.7%
0.0%
>$1B
81.8%
14.3%
21.4%
3.9%
12.3%
7.1%
42.9%
0.0%
0.6%
0.6%
0.0%

PLANSPONSOR - January - February 2024

Table of Contents for the Digital Edition of PLANSPONSOR - January - February 2024

INSIGHTS
PARTICIPANT ANALYSIS
RULES & REGULATIONS
UPFRONT
What’s Around the Corner?
A Focus on Guaranteed Income
Navigating ESG
Are You on Track?
Demographic Shifts
Advice on Advice
Fiduciary Best Practices
2 Distinct Roles for When Sponsors Act
The DOL’s Not-So-New Fiduciary Rule
Continuous Good Service
PLANSPONSOR - January - February 2024 - Cover1
PLANSPONSOR - January - February 2024 - INSIGHTS
PLANSPONSOR - January - February 2024 - 1
PLANSPONSOR - January - February 2024 - 2
PLANSPONSOR - January - February 2024 - 3
PLANSPONSOR - January - February 2024 - PARTICIPANT ANALYSIS
PLANSPONSOR - January - February 2024 - 5
PLANSPONSOR - January - February 2024 - RULES & REGULATIONS
PLANSPONSOR - January - February 2024 - 7
PLANSPONSOR - January - February 2024 - 8
PLANSPONSOR - January - February 2024 - 9
PLANSPONSOR - January - February 2024 - UPFRONT
PLANSPONSOR - January - February 2024 - 11
PLANSPONSOR - January - February 2024 - 12
PLANSPONSOR - January - February 2024 - 13
PLANSPONSOR - January - February 2024 - 14
PLANSPONSOR - January - February 2024 - 15
PLANSPONSOR - January - February 2024 - What’s Around the Corner?
PLANSPONSOR - January - February 2024 - 17
PLANSPONSOR - January - February 2024 - 18
PLANSPONSOR - January - February 2024 - 19
PLANSPONSOR - January - February 2024 - 20
PLANSPONSOR - January - February 2024 - 21
PLANSPONSOR - January - February 2024 - A Focus on Guaranteed Income
PLANSPONSOR - January - February 2024 - 23
PLANSPONSOR - January - February 2024 - 24
PLANSPONSOR - January - February 2024 - 25
PLANSPONSOR - January - February 2024 - 26
PLANSPONSOR - January - February 2024 - 27
PLANSPONSOR - January - February 2024 - Navigating ESG
PLANSPONSOR - January - February 2024 - 29
PLANSPONSOR - January - February 2024 - Are You on Track?
PLANSPONSOR - January - February 2024 - 31
PLANSPONSOR - January - February 2024 - Demographic Shifts
PLANSPONSOR - January - February 2024 - Advice on Advice
PLANSPONSOR - January - February 2024 - 34
PLANSPONSOR - January - February 2024 - 35
PLANSPONSOR - January - February 2024 - Fiduciary Best Practices
PLANSPONSOR - January - February 2024 - 37
PLANSPONSOR - January - February 2024 - 2 Distinct Roles for When Sponsors Act
PLANSPONSOR - January - February 2024 - The DOL’s Not-So-New Fiduciary Rule
PLANSPONSOR - January - February 2024 - Continuous Good Service
PLANSPONSOR - January - February 2024 - Cover3
PLANSPONSOR - January - February 2024 - Cover4
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