2020
PLANADVISER Micro Plan Survey
Micro plans have much to gain from adviser help with fiduciary matters
Methodology
The data presented here summarize select results from sponsors of micro plans—i.e., plans with $5 million or less in plan assets— who responded to the 2019 PLANSPONSOR Defined Contributions (DC) Survey. The survey, fielded late last August to November, gathered over 3,000 responses from plans of all sizes—”All Plans” in the tables; 1,045 responses (30%) were from micros. Insights from the survey are meant to support existing plan governance processes and do not represent advice or guidance related to any aspect of plan design. Additional data may be segmented by plan size, industry, geography and custom specifications.
Note: Totals in individual tables may not equal 100%, due to rounding.