SURVEY | May 23, 2018

2018
Defined Benefit Administration Survey

The 25 providers that responded to our 2018 Defined Benefit (DB) Administration Survey collectively account for more than 27 million DB participants.

Reported by PLANSPONSOR | Art by Uijung Kim

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Introduction

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 Administration Industry Snapshot

DB Industry Snapshot
Total DB administration clients	6,536*
Total DB plans	12,606*
Total DB participants	29,703,778*
Estimated DB assets	$2,122b*

DB Client Relationships by Service Model
Single-plan DB clients	34%*
Multiple-plan DB clients	13%*
DB and DC clients	36%*
Other DB-bundles	17%*

DB Plans By Type
Corporate: single-employer	10,684*
Corporate: multiemployer	164*
Public/Government	576*
Nonprofit/Church/Social service	310*

DB Plans By Size
<100 participants	6,328*
100 – 1,000 participants	2,487*
>1,000 – 5,000 participants	1,620*
>5,000 – 25,000 participants	1,222*
>25,000 participants	446*

DB Plans By Status
Active/Open plans	2,949*
Closed plans	974*
Partially frozen	642*
Soft frozen	274*
Hard frozen	1,315*
Terminated plans	115*

DB Participants By Status
Active/Employed	10,529,750*
Separated	6,857,689*
Retired	10,075,066*

Footnote: * Data has been updated/revised since initial publication in PLANSPONSOR magazine.

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Methodology

The 2018 Defined Benefit (DB)Administration Survey summarizes the capabilities of DB administration providers and excludes providers focused on investment-only, consultant/advisory and actuarial services. All data are as of December 31, 2017, and include only “full outsourcing” and “co-sourcing” arrangements. Some new client restrictions may apply; contact the provider for details. Email surveys@strategic-i.com for more information.