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2021 Plan Sponsor Attitudes Survey
Supporting plan sponsors and their employees has become more complex than ever before. In its 12th year, this survey reveals current trends to help advisors align their business approach to timely client needs.
Highlight 4: Investment Menu Trends
Highlight 1: Impact of 2020 on the Advisor and Plan Sponsor Relationship
The percentage of sponsors looking to switch advisors has not been this high since the DOL Fiduciary rule came into play in 2017.
Despite the increase in sponsors looking to change their advisor, plan sponsor satisfaction increased in 2020. We dug in deeper to find out what plan sponsors are most satisfied with and what is driving them to look for a new advisor.
Highlight 2: Plan Sponsors Seeking Advisors with Broad Expertise
Plan sponsors expect more out of their plan advisors today than ever before. Expertise and guidance on programs such as HSAs and Financial Wellness programs continue to be topics of conversation.
Learn more about the impact you can have on plan sponsor satisfaction by discussing these topics with your clients.
Highlight 3: Retirement Readiness and Plan Design through the Pandemic and Beyond
Sponsors are increasingly focused on their retirement plans meeting employee needs. Whether that means making changes to plan design or increasing employee education there are ways to help participants achieve retirement success.
Find out how sponsors are doing in preparing employees for retirement and how the pandemic affected these efforts.
About the Study
The 12th edition of our proprietary study uncovers opportunities with plan sponsors across the nation.
- Based on the responses of 1,169 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 study and how they may apply to your business.
2020 Plan Sponsor Attitudes
To review last year's survey results, check out these highlights:
Survey summary: Harris Insights and Analytics, an independent market research company, conducted an online survey of 1,169 plan sponsors on behalf of Fidelity. Fidelity Investments was not identified as the survey sponsor. The survey was conducted during the month of March 2021. Respondents were identified as the primary person responsible for managing their organization's 401(k) plan. All plan sponsors confirmed their plans had at least 25 participants and 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.