RESEARCH |

2023
DC Plan Benchmarking Survey

Sponsors can use the survey to compare their plan design with peers’, for self-assessment—and self-improvement.

Reported by PLANSPONSOR | Art by Valeria Petrone
2023 Survey
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2023 Survey

Respondent Profile

Respondents, by Plan Size

<$10MM
40%
$10MM – $50MM
29%
>$50MM – $200MM
15%
>$200MM – $1B
9%
>$1B
7%

Respondents, by Plan Type Offered

401(k)
61%
403(b)
5%
457
11%
ESOP/KSOP1
2%
Profit sharing
10%
Money purchase
1%
NQDC2
6%
SEP3
0%
SIMPLE4
1%
Other
3%
1 Employee stock ownership plan/combination of 401(k) and ESOP.
2 Nonqualified deferred compensation plan.
3 Simplified employee pension plan.
4 Savings incentive match plan for employees.

Respondents, by Industry

Banking / Financial services
12%
Building / Construction / Contracting
4%
Government
8%
Health care
5%
Law firms
4%
Manufacturing
11%
Retail
5%
Technology / Telecommunications
5%
Wholesale / Distribution
3%
All other industries*
43%
*30 additional unique industries.

2024 PLANSPONSOR Plan Benchmarking and Industry Reports

Our 2024 Plan Benchmarking and Industry Reports feature proprietary data collected by  PLANSPONSOR in its annual Defined Contribution Survey. The reports highlight various plan design features and outcomes from 6 plan types and 48 industries.

You can leverage the 2024 PLANSPONSOR Reports* to:
  • Build trust with advisers and provide new tools to your staff and network
  • 100+ pages in PDF format
  • Compare plan design with peers and competitors, and improve fiduciary oversight
  • Add value to your clients by posting on your website behind registration

*Subject to usage terms/compliance in licensing agreement.

AVAILABLE FOR PURCHASE NOW!

Contact Rob Reif / 212-217-6906 / robert.reif@issmediasolutions.com