Two-Thirds of DC Plans Use Management Consultant
Sixty-nine percent of defined contribution (DC) plan sponsors use an investment management consultant, according to a survey from the Brookfield, Wisconsin-based International Foundation of Employee Benefit Plans (IFEBP).
Reported by Fred Schneyer
One-third (34%) of DC sponsors pay service provider fees based on agreed-upon service performance levels, according to IFEBP data. A little more than half (55%) of DC sponsors said they look over their investment performance quarterly; 54% of responding DC sponsors have a bundled arrangement with their investment service providers; 31% use an unbundled setup; and 8% use an alliance arrangement.
More information is available at www.ifebp.org/surveysample.