PLANSPONSOR - October/November 2019 - 33
2019 DC Survey: Plan Benchmarking
DATA
SWEEP
Our latest findings on DC plans-
for benchmarking a plan against its peers
or just gleaning some new solutions
E
very year since 1996, PLANSPONSOR has conducted a survey of defined contribution
(DC) plan sponsors around the country. One of the largest of its kind, the PLANSPONSOR
Defined Contribution Survey helps those in the industry, including sponsors and their
retirement plan advisers, catch up on new trends in plan design and consider plan enhancements
that are in the best interest of participants.
Why benchmark a plan? When the sponsor sets a benchmark, it essentially establishes a
baseline or standard against which to measure its plan. The sponsor can thereby see where the
plan needs to improve, set new goals and increase its performance. Sponsors can also benchmark
to determine how competitive their plan is against industry peers'-a metric that becomes
even more important in a competitive hiring environment.
The reality is that sponsors do not always think about their DC plan in broad terms. The
result of having a basic or minimalist plan can be employees working longer than expected
and employers, at times, carrying the burden for this. Employees who fail to retire on time
for insufficient financial assets will tend to have greater health care and disability claims and
generate more workers' compensation claims. These things, in turn, can negatively affect an
employer's balance sheet.
Sponsors can see by benchmarking that yesterday's solutions may not be effective today.
The value of taking the pulse of the industry overall is to determine how trends emerging
as industry best practices or industry concerns take hold in reality. For example, there has been
a focus on increasing default deferral rates to ensure that participants are not being " hurt "
Art by Daniel Shaffer
PLANSPONSOR.com October - November 2019 33
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PLANSPONSOR - October/November 2019
Table of Contents for the Digital Edition of PLANSPONSOR - October/November 2019
Investment-Driven
2019 DC Survey: Plan Benchmarking
Projecting Participant Outcomes
Just Around the Corner?
The Search for Basis Points
It Could Be Time to De-Clutter
PLANSPONSOR - October/November 2019 - C1
PLANSPONSOR - October/November 2019 - FC1
PLANSPONSOR - October/November 2019 - FC2
PLANSPONSOR - October/November 2019 - C2
PLANSPONSOR - October/November 2019 - 1
PLANSPONSOR - October/November 2019 - 2
PLANSPONSOR - October/November 2019 - 3
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PLANSPONSOR - October/November 2019 - 24
PLANSPONSOR - October/November 2019 - 25
PLANSPONSOR - October/November 2019 - Investment-Driven
PLANSPONSOR - October/November 2019 - 27
PLANSPONSOR - October/November 2019 - 28
PLANSPONSOR - October/November 2019 - 29
PLANSPONSOR - October/November 2019 - 30
PLANSPONSOR - October/November 2019 - 31
PLANSPONSOR - October/November 2019 - 2019 DC Survey: Plan Benchmarking
PLANSPONSOR - October/November 2019 - 33
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PLANSPONSOR - October/November 2019 - 37
PLANSPONSOR - October/November 2019 - 38
PLANSPONSOR - October/November 2019 - 39
PLANSPONSOR - October/November 2019 - Projecting Participant Outcomes
PLANSPONSOR - October/November 2019 - 41
PLANSPONSOR - October/November 2019 - 42
PLANSPONSOR - October/November 2019 - 43
PLANSPONSOR - October/November 2019 - Just Around the Corner?
PLANSPONSOR - October/November 2019 - 45
PLANSPONSOR - October/November 2019 - 46
PLANSPONSOR - October/November 2019 - 47
PLANSPONSOR - October/November 2019 - The Search for Basis Points
PLANSPONSOR - October/November 2019 - 49
PLANSPONSOR - October/November 2019 - It Could Be Time to De-Clutter
PLANSPONSOR - October/November 2019 - 51
PLANSPONSOR - October/November 2019 - 52
PLANSPONSOR - October/November 2019 - 53
PLANSPONSOR - October/November 2019 - 54
PLANSPONSOR - October/November 2019 - 55
PLANSPONSOR - October/November 2019 - 56
PLANSPONSOR - October/November 2019 - C3
PLANSPONSOR - October/November 2019 - C4
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