PLANSPONSOR - November/December 2024 - 23

Defined Benefit Administration Industry Snapshot
Total DB
administration clients
10,162
Total DB plans
17,330
Total DB
participants
24,747,580
Estimated DB assets
>$1.15t
Defined Benefit Administration Plans, by Type
Traditional
88%
Cash balance
Other
10%
2%
Bundled DB Plan Stats
Multiple-plan DB clients 13%
Single-plan DB clients
21%
DB and DC plan clients
Other DB bundles
14%
51%
DB Plans, by Plan Status
Active/Open
52%
Frozen
Closed
Terminated
32%
15%
1%
DB Plan Participants, by Work Status
Retired
40%
Active/Employed
Separated
36%
24%
Cash Balance Plans, by Participant Size
<10 participants
17%
10 - 99 participants
100 - 999 participants
16%
32%
1,000 - 4,999 participants 19%
≥5,000 participants
16%
Industries Offering Cash Balance Plans*
Utilities
13%
Law firms
Oil and gas/Energy
Environmental
Telecommunications
Chemicals/Mining
All other industries
8%
5%
2%
2%
2%
68%
*Data is from the 2024 PLANSPONSOR Industry Reports.
You can find the following provider profiles online
at plansponsor.com/surveys/2024dbadmin.
Alight Solutions
Aon Consulting
CBIZ, Inc.
Conduent HR Services, LLC
Empower
Fidelity Investments
John Hancock
Milliman
October Three Consulting
Principal Financial Group
PwC
Schwab Retirement Plan
Services, Inc.
Telus Health
Transamerica Retirement
Solutions, LLC (Transamerica)
TruStage (formerly CUNA
Mutual Group)
USI Consulting Group
WTW
Methodology. The 2024 PLANSPONSOR Defined Benefit
Administration Survey was fielded from April through June via the
Qualtrics survey platform. Data were collected from 17 providers of
DB plan administrative services. We have reported on, in aggregate,
overall DB administration clients, participants, plans and assets. We
also parsed data on DB and cash balance plans by type and DB
plans by bundled type and by plan status. In each provider profile
(see the online version of this survey), we present data points on
DB participants by plan type, DB clients by bundle type, sponsor
services offered and more. All data are as of December 31, 2023.
To participate in the 2025 DB Administration Survey, please email
surveys@issmediasolutions.com. -Kimberley Gonzalez-Quiles
PLANSPONSOR.COM November - December 2024 23

http://www.plansponsor.com/surveys/2024dbadmin http://www.PLANSPONSOR.COM

PLANSPONSOR - November/December 2024

Table of Contents for the Digital Edition of PLANSPONSOR - November/December 2024

Insights
Participant analysis
Rules and regulations
Upfront
The Retirement Industry 2024
PLANSPONSOR DB Administration Survey
Plan Sponsors in Conversation
Build and Equip
SECURE 2.0’s New Match
2025 ERISA Plan Compliance Calendar
Counting the Costs
A Provision Review
SCOTUS to Decide
Helping Transient Workers Save
PLANSPONSOR - November/December 2024 - Cover1
PLANSPONSOR - November/December 2024 - Cover2
PLANSPONSOR - November/December 2024 - 1
PLANSPONSOR - November/December 2024 - Insights
PLANSPONSOR - November/December 2024 - 3
PLANSPONSOR - November/December 2024 - Participant analysis
PLANSPONSOR - November/December 2024 - 5
PLANSPONSOR - November/December 2024 - Rules and regulations
PLANSPONSOR - November/December 2024 - 7
PLANSPONSOR - November/December 2024 - 8
PLANSPONSOR - November/December 2024 - 9
PLANSPONSOR - November/December 2024 - Upfront
PLANSPONSOR - November/December 2024 - 11
PLANSPONSOR - November/December 2024 - 12
PLANSPONSOR - November/December 2024 - 13
PLANSPONSOR - November/December 2024 - 14
PLANSPONSOR - November/December 2024 - 15
PLANSPONSOR - November/December 2024 - The Retirement Industry 2024
PLANSPONSOR - November/December 2024 - 17
PLANSPONSOR - November/December 2024 - 18
PLANSPONSOR - November/December 2024 - 19
PLANSPONSOR - November/December 2024 - PLANSPONSOR DB Administration Survey
PLANSPONSOR - November/December 2024 - 21
PLANSPONSOR - November/December 2024 - 22
PLANSPONSOR - November/December 2024 - 23
PLANSPONSOR - November/December 2024 - Plan Sponsors in Conversation
PLANSPONSOR - November/December 2024 - 25
PLANSPONSOR - November/December 2024 - Build and Equip
PLANSPONSOR - November/December 2024 - 27
PLANSPONSOR - November/December 2024 - 28
PLANSPONSOR - November/December 2024 - 29
PLANSPONSOR - November/December 2024 - SECURE 2.0’s New Match
PLANSPONSOR - November/December 2024 - 31
PLANSPONSOR - November/December 2024 - 2025 ERISA Plan Compliance Calendar
PLANSPONSOR - November/December 2024 - 33
PLANSPONSOR - November/December 2024 - 34
PLANSPONSOR - November/December 2024 - 35
PLANSPONSOR - November/December 2024 - Counting the Costs
PLANSPONSOR - November/December 2024 - 37
PLANSPONSOR - November/December 2024 - A Provision Review
PLANSPONSOR - November/December 2024 - SCOTUS to Decide
PLANSPONSOR - November/December 2024 - Helping Transient Workers Save
PLANSPONSOR - November/December 2024 - Cover3
PLANSPONSOR - November/December 2024 - Cover4
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