2019 Plan Sponsor Attitudes Study

Supporting plan sponsors and their participants has become more complex over the last decade. In its 10th year, this study reveals what is top of mind for plan sponsors, helping advisors better align their services and support models to the needs of their clients.

Highlight 2: What Makes a Plan Advisor Successful?

0%5%10%15%20%25%30%35%40%45%50%55%60%63%of sponsors are very satisfiedwith their advisor.

As an advisor, you want to offer plan sponsors the services that best meet their needs. With the majority of sponsors happy with their advisors, we've uncovered which factors contribute to advisors' success.

Download the second installment in our Highlights Series for study results, drivers of plan advisor success, and more.

Sign Up for Our New Highlights Series

Position your practice to meet clients' needs. Receive our Plan Sponsor Attitudes Highlights Series for key insights.

  • Highlight 1: Top Reasons Plan Sponsors Look to a Plan Advisor for Help—Plan sponsors' top 3 concerns, their reasons for hiring an advisor, and more.
  • Highlight 2: What Makes a Plan Advisor Successful?—How plan sponsors view success for plan advisors, including success metrics, satisfaction rates, and communication practices.
  • Highlight 3: Plan Improvements to Help Close the Retirement Savings Gap—The types of advisor input plan sponsors value when it comes to improving savings rates, including help with plan design and investment menus.
  • Highlight 4: New Frontiers: Benefits Beyond Retirement Plans That Add Advisor Value—Areas where sponsors believe advisors can add value, in addition to traditional retirement plans.

Highlight 1: Top Reasons Plan Sponsors Look to a Plan Advisor for Help

0%5%10%15%20%25%30%35%40%45%50%55%60%69%0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%93%2008201924%increase

93% of sponsors work with an advisor—an all-time high.

With sponsors increasingly relying on advisors, knowing their top concerns and goals can help you provide the services plan sponsors care about most.

Download the first installment in our Highlights Series for study results revealing plan sponsors' top concerns, their reasons for hiring an advisor, and more.

About the Study

The 10th edition of our proprietary study uncovers opportunities with plan sponsors across the nation.

  • Based on responses of 1,252 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 Study Review

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

Related Commentary

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Survey summary: Harris Insights and Analytics, an independent market research company, conducted an online survey of 1,252 plan sponsors on behalf of Fidelity. Fidelity Investments was not identified as the survey sponsor. The survey was conducted during the month of February 2019. Respondents were identified as the primary person responsible for managing their organization's 401(k) plan. All plan sponsors confirmed their plans represented at least 25 participants and had at least $3 million in plan assets. Though the survey is broad in scope the experiences of the plan sponsors participating in the survey may not be representative of all plan sponsors.

 
 

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