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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

New York Life Retirement Plan Services

80 Responses (4.6% of total plans)

Respondents
Micro <$5MM	32.5%
Small $5MM-$50MM	26.3%
Mid $50MM-$200MM	28.7%
Large $200MM-$1B	12.5%
Mega >$1B	0.0%

Participant Services	Score	Best In Class
Micro <$5MM	94.2%	5
Small $5MM-$50MM	90.2%	1
Mid $50MM-$200MM	86.6%	1
Large $200MM-$1B	82.8%	0
Mega >$1B	not qualified	not qualified

Sponsor Services	Score	Best In Class
Micro <$5MM	95.7%	6
Small $5MM-$50MM	89.8%	0
Mid $50MM-$200MM	88.1%	0
Large $200MM-$1B	87.4%	0
Mega >$1B	not qualified	not qualified

Recommendation Likelihood
Extremely Likely	60.0%
Moderately/Slightly	35.0%
Neutral	5.0%
Recommended Against	0.0%

Client Tenure
More than seven years	41.8%
Three to seven years	44.3%
Less than three years	13.9%

Respondent Plan Types
401(k)	96.2%
403(b) single	0.0%
403(b) multi	0.0%
Profit Sharing	13.9%
Money Purchase	3.8%
ESOP	3.8%
NQDC	19.0%
SEP/SIMPLE	1.3%
457	6.3%

Respondent Metrics and Plan Design
Average participation rate	71.8%
Clients with auto-enrollment	51.3%
Clients with Roth provision	30.8%
Avg. parts. maximizing match	72.8%
Clients using adviser	51.3%
Clients offer participant advice	61.5%