2022
DC Plan Benchmarking Survey
By studying trends in DC plan design and usage, sponsors can benchmark and improve their own plans.
2022 Survey
Employer Match
Employer matches have long been seen as a way to encourage participants to save in their DC plan, and three-quarters of DC plans offer matching contributions to their participants. Eligibility to receive matching contributions has decreased in past years: 80% of plans now make participants eligible for the match as soon as they are eligible to contribute to the plan. More than one-third of plans also offer immediate vesting of the match. However, another one-third have vesting of five years or more, and 60% of all plans offer a graded vesting schedule instead of a cliff, meaning matched contributions vest in increasing amounts over some sort of time period, with an allowed maximum of six years.
Matching Contributions Vesting Schedule
- Cliff — 100% vested at a designated time of service
- Graded — vested in increasing amounts over time
- Unsure
2023 Industry Reports feature proprietary data collected by PLANSPONSOR in its annual Defined Contribution Survey. The reports highlight various plan design features and outcomes from approximately 50 industries.
You can leverage the PLANSPONSOR Industry Reports* to:- Build trust with advisers and provide new tools to your staff and network
- 99+ 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.
Availability: December 2022
Contact Rob Reif / 212-217-6906 / robert.reif@issmediasolutions.com
