RESEARCH |
2023
PLANADVISER Retirement Plan Adviser Survey
Reported by PLANADVISER
| Art by James Yang
Providers
Vanguard
| Qualified plan adviser votes | 68 |
| Overall Perception Among Qualified Advisers | |||
|---|---|---|---|
| Very favorable | 21% | ||
| Somewhat favorable | 50% | ||
| Not favorable | 29% | ||
| Plan Adviser Experience with Provider | |||
|---|---|---|---|
| Worked with many times | 13% | ||
| Worked with several times | 18% | ||
| Worked with a few times | 46% | ||
| Worked with once | 24% | ||
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Fee Clarity / Accounting / Disclosure / Benchmarking | 9 votes | ||
| Overall Service, Mega Plans (>$1B) | 5 votes | ||
| Value for Price of Recordkeeping Services | 5 votes | ||
| Overall Service, Micro Plans (<$5MM) | 4 votes | ||
| Overall Service, Large Plans (>$200MM – $1B) | 4 votes | ||
| Participant Website and Online Tools | 3 votes | ||
| Plan Sponsor Website, Analytics and Reporting | 3 votes | ||
| Regulatory / Compliance Support and Services | 3 votes | ||
| Adviser Sales / Marketing Support | 3 votes | ||
| Fee Structure for Advisers | 3 votes | ||