RESEARCH |
2023
PLANADVISER Retirement Plan Adviser Survey
Reported by PLANADVISER
| Art by James Yang
Providers
Transamerica
| Qualified plan adviser votes | 54 |
| Overall Perception Among Qualified Advisers | |||
|---|---|---|---|
| Very favorable | 13% | ||
| Somewhat favorable | 37% | ||
| Not favorable | 50% | ||
| Plan Adviser Experience with Provider | |||
|---|---|---|---|
| Worked with many times | 6% | ||
| Worked with several times | 24% | ||
| Worked with a few times | 33% | ||
| Worked with once | 37% | ||
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Service to MEPs / PEPs | 14 votes | ||
| Overall Service, Small Plans ($5MM – $50MM) | 4 votes | ||
| Plan Design Flexibility / Customization | 4 votes | ||
| Adviser Sales / Marketing Support | 3 votes | ||
| Participant Call Centers / Phone Support | 2 votes | ||
| Participant Statements | 2 votes | ||
| Participant Enrollment Materials / Support / Processing | 2 votes | ||
| Participant Financial Education / Wellness Resources | 2 votes | ||
| Regulatory / Compliance Support and Services | 2 votes | ||
| Payroll Integration | 2 votes | ||
| Fee Structure for Advisers | 2 votes | ||