RESEARCH |
2014
Retirement Plan Adviser Survey
Stacking Up
Reported by PLANADVISER
| Art by Christian Northeast
Survey Data
Top criteria used in deciding which recordkeepers are appropriate for plan sponsor clients (395 responses)
| Criteria | 1st | 2nd | 1st or 2nd |
|---|---|---|---|
| Value for price | 35.5% | 12.5% | 48.0% |
| Fee structure for plan | 24.3% | 19.3% | 43.6% |
| Investment options available | 9.7% | 19.6% | 29.3% |
| Reputation | 7.2% | 6.2% | 13.4% |
| Website tools for participants | 2.5% | 9.7% | 12.1% |
| Adviser support/Value-added svcs | 4.0% | 6.2% | 10.3% |
| Adviser support | 5.6% | 4.0% | 9.7% |
| Participant education | 2.2% | 6.2% | 8.4% |
| Supporting materials | 1.6% | 5.9% | 7.5% |
| Website tools for plan sponsors | 2.5% | 4.4% | 6.9% |
| Brand recognition | 0.3% | 1.9% | 2.2% |
| Fee structure for adviser | 0.6% | 1.6% | 2.2% |
| Wholesalers | 0.3% | 0.6% | 0.9% |
| Recommendation by home office | 0.3% | 0.6% | 0.9% |