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RESEARCH

2011 Defined Contribution Survey: Points of Hue

PS11cvr Nov 14, 2011 (PLANSPONSOR.com) --

For more than a decade, PLANSPONSOR's annual Defined Contribution Survey has been the most important industry benchmark, measuring and evaluating 401(k) and other DC providers according to feedback from their own clients. Dozens of categories are rated in service to the employer as well as participant service.

Reprints of the DC survey are available for $45. Click here for more information.

editors@plansponsor.com

2011 Defined Contribution Survey: Points of Hue

CUNA Mutual Group

68 Responses (2.2% of total plans)

Respondents
Micro <$5MM	76.5%
Small $5MM-$50MM	23.5%
Mid $50MM-$200MM	0.0%
Large $200MM-$1B	0.0%
Mega >$1B	0.0%

Participant Services	Score	Best In Class
Micro <$5MM	91.1%	0
Small $5MM-$50MM	94.1%	9
Mid $50MM-$200MM	not qualified	not qualified
Large $200MM-$1B	not qualified	not qualified
Mega >$1B	not qualified	not qualified

Sponsor Services	Score	Best In Class
Micro <$5MM	92.3%	0
Small $5MM-$50MM	96.3%	9
Mid $50MM-$200MM	not qualified	not qualified
Large $200MM-$1B	not qualified	not qualified
Mega >$1B	not qualified	not qualified

Recommendation Likelihood
Extremely Likely	76.5%
Moderately/Slightly	17.6%
Neutral	4.4%
Recommended Against	1.5%

Client Tenure
More than seven years	89.2%
Three to seven years	3.1%
Less than three years	7.7%

Respondent Plan Types
401(k)	100.0%
403(b) single	1.5%
403(b) multi	0.0%
Profit Sharing	5.9%
Money Purchase	13.2%
ESOP	0.0%
NQDC	4.4%
SEP/SIMPLE	0.0%
457	36.8%

Respondent Metrics and Plan Design
Average participation rate	76.3%
Clients with auto-enrollment	32.8%
Clients with Roth provision	35.8%
Avg. parts. maximizing match	70.5%
Clients using adviser	28.4%
Clients offer participant advice	83.6%