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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

Correll Co.

47 Responses (5.6% of total plans)

Respondents
Micro <$5MM	72.3%
Small $5MM-$50MM	25.6%
Mid $50MM-$200MM	2.1%
Large $200MM-$1B	0.0%
Mega >$1B	0.0%

Participant Services	Score	Best In Class
Micro <$5MM	93.6%	6
Small $5MM-$50MM	not qualified	not qualified
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	96.4%	7
Small $5MM-$50MM	not qualified	not qualified
Mid $50MM-$200MM	not qualified	not qualified
Large $200MM-$1B	not qualified	not qualified
Mega >$1B	not qualified	not qualified

Recommendation Likelihood
Extremely Likely	87.2%
Moderately/Slightly	8.5%
Neutral	4.3%
Recommended Against	0.0%

Client Tenure
More than seven years	58.7%
Three to seven years	34.8%
Less than three years	6.5%

Respondent Plan Types
401(k)	95.7%
403(b) single	0.0%
403(b) multi	0.0%
Profit Sharing	38.3%
Money Purchase	2.1%
ESOP	2.1%
NQDC	2.1%
SEP/SIMPLE	0.0%
457	4.3%

Respondent Metrics and Plan Design
Average participation rate	65.3%
Clients with auto-enrollment	10.9%
Clients with Roth provision	30.4%
Avg. parts. maximizing match	72.8%
Clients using adviser	34.8%
Clients offer participant advice	45.7%