RESEARCH |
2024
PLANADVISER Retirement Plan Adviser Survey
The 2024 Retirement Plan Adviser Survey sheds light on the criteria that advisers prioritize in fund and recordkeeper selection and reveals which companies advisers most like to work with.
Reported by PLANADVISER
Providers
T. Rowe Price
| Qualified plan adviser votes | 38 |
| Overall Perception Among Qualified Advisers | |||
|---|---|---|---|
| Very favorable | 29% | ||
| Somewhat favorable | 42% | ||
| Not favorable | 29% | ||
| Plan Adviser Experience with Provider | |||
|---|---|---|---|
| Worked with many times | 8% | ||
| Worked with several times | 18% | ||
| Worked with a few times | 48% | ||
| Worked with once | 28% | ||
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Overall service to micro plans (<$5mm) | 4 votes | ||
| Overall service to large plans (>$200mm – $1b) | 2 votes | ||
| Overall service to midsize plans (>$50mm – $200mm) | 2 votes | ||
| Participant website and online tools | 2 votes | ||
| Plan design flexibility and customization | 2 votes | ||
| Adviser sales and marketing support | 1 vote | ||
| Enrollment materials, support and processing | 1 vote | ||
| Financial education and wellness resources | 1 vote | ||
| Overall service to mega plans (>$1b) | 1 vote | ||
| Overall service to small plans ($5mm – $50mm) | 1 vote | ||
| Participant call centers and phone support | 1 vote | ||
| Payroll integration | 1 vote | ||
| Regulatory or compliance support and services | 1 vote | ||
| Service to MEPs or PEPs | 1 vote | ||
| Value for price of recordkeeping services | 1 vote | ||