2023 Plan Sponsor Attitudes Survey

Supporting plan sponsors and their employees has become more complex than ever before. In its 14th year, this survey reveals current trends to help advisors align their business approach to timely client needs.

Highlight 4: Sponsors Aim to Provide Holistic Benefit Programs

56% of plan sponsors reported they have implemented financial wellness programsin the last two years.

More plan sponsors are reporting their advisors are speaking to them about such programs.

Learn more about the impact of financial wellness programs within a framework of holistic benefit programs.

Highlight 3: Retirement Plan Evolution and Participant Engagement

Overall satisfaction with plans meeting their goals remained at a multiyear high of 74% , compared to 59% in 2008.

In this year's survey, plan sponsors reported that they were highly satisfied with their retirement plans meeting their goals.

Learn more about changes plan sponsors are making to improve their plans and drive participant engagement.

Highlight 2: Investment Menu Insights

95% of plan sponsors reported they will be making changes to their lineups .

Over the last two years, investment menu changes are on the rise, with a majority of plan sponsors reporting they plan to increase the number of investment options available in their lineup.

Learn more about Fidelity's 2023 Plan Sponsor Attitudes findings to help support your conversations with plan sponsors.

Highlight 1: Plan Sponsor and Advisor Relationship

94%of sponsors reportthat they work with anadvisor or consultant

Use of a plan advisor continues to rise year over year, with 22% of plan sponsors conducting an active advisor search (another 34% are just benchmarking).

To find out the top reasons that plan sponsors are looking for a new advisor, download the first of four highlights revealing actionable advisor insights to help support your client interactions.

About the Study

The 14th edition of our proprietary study uncovers opportunities with plan sponsors across the nation.

  • Based on the responses of 1,351 plan sponsors who use a wide variety of recordkeepers, not just Fidelity
  • Included plans with at least 25 participants and $3 million in assets, from start-ups to plans with more than $250 million in assets
  • Focused on plan sponsors using a financial advisor or plan consultant

Get Your Personalized Survey Review

Contact your Fidelity representative today to review the comprehensive insights from our latest Plan Sponsor Attitudes Survey and how they may apply to your business.

2022 Plan Sponsor Attitudes Survey

To review last year's survey results, check out these highlights:

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