2023
DC Plan Benchmarking Survey

Plan Sizes

It’s commonly argued that the size of a retirement plan influences its design. Larger plans, typically with assets exceeding $200 million, capitalize on their scale to implement robust oversight and to secure lower investment fees. These plans are often trailblazers in adopting progressive features such as automatic enrollment, a trend gradually being embraced by smaller plans. While open to new methods, larger plans are apt to adhere to established fiduciary best practices, exemplified by the incorporation of investment committees. This dichotomy underscores the evolving landscape of retirement planning, where size becomes a defining factor in shaping plan structure and in embracing innovative elements for optimal financial management.