RESEARCH |
2014
Retirement Plan Adviser Survey
Stacking Up
Reported by PLANADVISER
| Art by Christian Northeast
Providers
Bank of America Merrill Lynch
| Qualified plan adviser votes | 171 |
| Overall perception among plan advisers | |||
|---|---|---|---|
| Very favorable | 5.8% | ||
| Somewhat favorable | 11.1% | ||
| Not favorable | 42.7% | ||
| No opinion | 40.4% | ||
| Plan adviser experience with provider | |||
|---|---|---|---|
| Worked with many times | 10.1% | ||
| Worked with a few times | 20.8% | ||
| Worked with once | 11.4% | ||
| Never worked with | 57.7% | ||
| Top 10 service categories | |||
|---|---|---|---|
| 1 Overall service to midsize plans | 7 votes | ||
| 2 Overall service to small plans | 6 votes | ||
| 3 Participant education materials | 5 votes | ||
| 3 Plan sponsor support | 5 votes | ||
| 5 Adviser sales/marketing support | 4 votes | ||
| 5 Reputation | 4 votes | ||
| 5 Adviser support post-sale | 4 votes | ||
| 8 Value added adviser services | 3 votes | ||
| 8 Supporting materials | 3 votes | ||
| 8 Plan participant support | 3 votes | ||