Research

Defined Benefit Administration Survey

Data from 33 providers of DB plan outsourcing services

Published in PLANSPONSOR May 2015

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SURVEY STATS

DB INDUSTRY SNAPSHOT
Total DB administration clients8,240
Total DB plans13,023
Total DB participants34,585,873
Estimated DB assets1.041t
DB CLIENT RELATIONSHIPS BY SERVICE MODEL
Single-plan DB clients 37%
Multiple-plan DB clients 11%
DB and DC clients 31%
Other DB-bundles 22%
Plans bundled with actuary54%
DB PLANS BY SIZE
<100 participants 6,462
100 – 1,000 participants 3,193
>1,000 – 5,000 participants 1,694
>5,000 – 25,000 participants 1,171
>25,000 participants 503
DB PLANS BY STATUS
Active/Open plans 6,558
Closed plans1,259
Partially frozen216
Soft frozen 327
Hard frozen2,483
Terminated plans277
DB PLANS BY TYPE
Corporate – single employer10,395
Corporate – multiemployer114
Nonprofit/Church/Social service338
Public/Governmental 1,071
DB PARTCIPANTS BY STATUS
Active/Employed 13,698,739
Separated 8,964,226
Retired 9,731,586

Methodology

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This past March, the fifth annual PLANSPONSOR Defined Benefit (DB) Administration Survey was sent to providers of defined benefit participant administration services; it excludes providers focused exclusively on investment-only, consultant/advisory or actuarial services. The questionnaire, which asked for more than 150 data points related to each provider’s experience and capabilities, was also available online and received a total 33 responses. All data presented are as of December 31, 2014, and include only “full outsourcing” and “co-sourcing” arrangements. Bundled “DB/DC” clients are based on total DB clients, as opposed to total client relationships across all product lines. Some new client restrictions may apply; please contact the provider for details. Contact Brian O’Keefe at bokeefe@assetinternational.com for additional information.

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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