RESEARCH |
2018
PLANADVISER Retirement Plan Adviser Survey
Reported by PLANADVISER
| Art by Muhammad Mustafa
Survey Data
Top Criteria Used to Decide Which Recordkeepers Are Appropriate for Plans
| 1st | 2nd | 1st or 2nd | |
|---|---|---|---|
| 1 Value for price | 46.8% | 17.1% | 63.9% |
| 2 Fee structure for plan | 27.3% | 13.7% | 41.0% |
| 3 Investment options available | 9.3% | 19.0% | 28.3% |
| 4 Website tools for participants | 3.4% | 20.5% | 23.9% |
| 5 Participant education | 2.0% | 9.3% | 11.2% |
| 6 Supporting materials for plan sponsors | 2.9% | 4.9% | 7.8% |
| 7 Reputation | 2.9% | 2.9% | 5.9% |
| 8 Adviser support | 2.4% | 2.9% | 5.4% |
| 9 Adviser support/value-added services | 2.0% | 2.4% | 4.4% |
| 10 Website tools for plan sponsors | 0.5% | 3.9% | 4.4% |
| 11 Brand recognition | 0.5% | 2.9% | 3.4% |
| 12 Fee structure for adviser | 0.0% | 0.5% | 0.5% |
| 13 Recommended by home office | 0.0% | 0.5% | 0.5% |
| 14 Wholesalers | 0.0% | 0.0% | 0.0% |