RESEARCH |
2023
PLANADVISER Retirement Plan Adviser Survey
Reported by PLANADVISER
| Art by James Yang
Providers
Vestwell
| Qualified plan adviser votes | 22 |
| Overall Perception Among Qualified Advisers | |||
|---|---|---|---|
| Very favorable | 14% | ||
| Somewhat favorable | 41% | ||
| Not favorable | 45% | ||
| Plan Adviser Experience with Provider | |||
|---|---|---|---|
| Worked with many times | 9% | ||
| Worked with several times | 0% | ||
| Worked with a few times | 36% | ||
| Worked with once | 55% | ||
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Overall Service, Micro Plans (<$5MM) | 6 votes | ||
| Payroll Integration | 4 votes | ||
| Value for Price of Recordkeeping Services | 2 votes | ||
| Fee Clarity / Accounting / Disclosure / Benchmarking | 2 votes | ||
| Fee Structure for Advisers | 2 votes | ||
| Overall Service, Small Plans ($5MM – $50MM) | 1 vote | ||
| Participant Website and Online Tools | 1 vote | ||
| Participant Statements | 1 vote | ||
| Plan Sponsor Website, Analytics and Reporting | 1 vote | ||
| Adviser Sales / Marketing Support | 1 vote | ||
| Web Tools / Functionality for Advisers | 1 vote | ||