Research

2014 Defined Benefit Administration Survey

Published in PLANSPONSOR July 2014
PLANSPONSOR's DB Administration Survey showcases the experience and capabilities of leading providers of defined benefit administration services that cover more than 12,000 plans and 33 million participants.

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SURVEY STATS

DB INDUSTRY SNAPSHOT
Total DB clients8,552
Total DB plans12,572
Total DB participants34,726,054
Estimated DB assets$908,959 (MMs)
Assets per participant$50,366
Participants per plan2,704
DB BUNDLED STATS
Single-plan DB clients47%
Multiple-plan DB clients14%
DB + DC clients30%
Other DB-bundles9%
Plans bundled with actuary57%
DB PLANS BY STATUS
Active/Open plans 6,875
Closed plans 1,065
Partially frozen 246
Soft frozen 455
Hard frozen 2,202
Terminated plans 508
DB PLANS BY PARTICIPANT SIZE
<100 participants 6,010
100 - 1,000 participants 2,961
1,001 - 5,000 participants 1,525
5,001 - 25,000 participants 1,001
>25,000 participants 351
DB PLANS BY TENURE
<3 years 1,501
3 - 10 years 1,950
>10 - 20 years 1,082
>20 years 2,406
DB PARTCIPANTS BY PLAN TYPE
Corporate - single 10,452
Corporate - multi213
Public/Governmental 688
DB PARTICIPANTS BY STATUS
Active/Employed 11,578,863
Separated 7,779,046
Retired 8,525,621

Methodology

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DB Methodology: PLANSPONSOR’s annual Defined Benefit (DB) Administration Survey was sent to providers of defined benefit participant administration services in April and excludes DB investment-only, DB consultant/advisory and/or actuarial service providers. All data presented are as of December 31, 2013. “DB only” and “DB + DC [defined contribution]” clients are based on total defined benefit clients and may not equal 100% due to other product bundles. Email Brian O’Keefe at bokeefe@assetinternational.com for information on full survey results.

Archive

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DEFINED BENEFIT ADMIN SURVEY

Like our Recordkeeping Survey on the defined contribution side of the market, the DB Administration Survey showcases providers in the DB market—who the major players are, who they serve, what services they provide. Also included is information on overall market sizing.

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