RESEARCH |
2020
PLANADVISER Retirement Plan Adviser Survey
Reported by PLANADVISER
| Art by Vikki Zhang
Providers
Empower Retirement
| # of retirement plan adviser interactions | 328 |
| Interactions vs. Adviser Recommendations | |
|---|---|
| Multiple interactions | 92% |
| Recommend rate | 82% |
| Overall Service Quartiles, by Plan Assets | |
|---|---|
| <$5MM | 2nd quartile |
| $5MM–$50MM | Top quartile |
| >$50MM–$200MM | 3rd quartile |
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Participant website and online tools | 40% | ||
| Plan sponsor website and reporting | 35% | ||
| Mobile apps and offerings | 32% | ||
| Web tools for advisers | 31% | ||
| Payroll integration | 26% | ||
| Footnote: Quartiles provide a relative comparison of how frequently the recordkeeper was cited as the “best” recordkeeper in the corresponding market. 4th, or top, quartile (cited most frequently); 3rd quartile; 2nd quartile; and 1st quartile (cited least frequently). |