Survey Data: Adviser Value Respondent Profile
Adviser Value Respondent Profile
| Types of Defined Contribution Plan(s) Offered |
|---|
|
| 401(k) | 89.4% |
| 403(b) | 7.7% |
| 457 | 8.7% |
| Money purchase | 1.9% |
| Multiple employer plan (MEP)/Pooled employer plan (PEP) (adopting employer) | 1.9% |
| Profit sharing | 23.1% |
| Employee stock ownership plan (ESOP)/Combined 401(k) and ESOP (KSOP) | 5.8% |
| Nonqualified deferred compensation (NQDC) | 22.1% |
| Simplified employee pension (SEP) | 0.0% |
| Savings incentive match plan for employees' individual retirement accounts (SIMPLE IRA) | 0.0% |
| Other plan types | 3.8% |
| Quantity of Assets in the Designated DC Plan* |
|---|
|
| <$1 million | 2.4% |
| $1 million - $5 million | 14.6% |
| >$5 million - $10 million | 2.4% |
| >$10 million - $25 million | 19.5% |
| >$25 million - $50 million | 11.0% |
| >$50 million - $100 million | 14.6% |
| >$100 million - $200 million | 7.3% |
| >$200 million - $500 million | 6.1% |
| >$500 million - $1 billion | 12.2% |
| >$1 billion | 9.8% |
| Participants in the Designated DC plan |
|---|
|
| <50 | 16.0% |
| 50 - 99 | 9.9% |
| 100 - 499 | 25.9% |
| 500 - 999 | 11.1% |
| 1,000 - 4,999 | 21.0% |
| 5,000 - 9,999 | 9.9% |
| 10,000 - 19,999 | 3.7% |
| >20,000 | 2.5% |
| Type of Adviser or Consultant Retained to Assist in Investment Selection and/or Plan Design |
|---|
|
| Yes, an individual adviser | 25.0% |
| Yes, an advisory team | 44.2% |
| Yes, an investment consultant | 30.8% |
| Length of Time Working With Current Adviser or Advisory Team* |
|---|
|
| <1 year | 3.8% |
| 1 - 3 years | 11.5% |
| 3 - 5 years | 16.3% |
| 5 - 7 years | 15.4% |
| >7 years | 52.9% |
Footnote:
*Numbers do not add up to 100% due to rounding errors
