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.
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.
DB CLIENT OVERVIEW
Total DB admin clients1
403
% Full outsourcing
36%
% DB and DC clients
0%
DB PLAN OVERVIEW
Total DB plans
833
% Frozen plans2
NR
% Cash balance plans
NR
% PLANS, BY NUMBER OF PARTICIPANTS
<100 Participants
3
100 – 1,000 Participants
67
1,001 – 10,000 Participants
362
>10,000 Participants
401
DB PARTICIPANT OVERVIEW
Total DB Participants
5,266,073
% Private/Corporate3
99%
% Public/Government
0%
% Retired participants
46%
% All interactions on web
80%
SPONSOR SERVICES OFFERED
Plan accounting / Master trust
Trust and custody services
Actuarial services
I
Investment management
I
Liability-driven investing
I
Investment consulting
I
PARTICIPANT ONLINE SERVICES
Online initiation
Online elections
E-form processing
Online inquiry status
Online calculations
Saved DB calcs online
I = Internal; E = External; P = Partnership; NR = Not Reported in time for publication
Footnote:
1 - Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan consulting-only clients.
2 - Includes partially frozen, soft-frozen and hard-frozen defined benefit plans.
3 - Includes both single-employer and multi-employer/Taft-Hartley plans.