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 2: Plan Sponsors Seeking Advisors with Broad Expertise

Health Saving Accounts (HSA)Financial Wellness Programs Expectations of advisors continue to expand beyond retirement planning.

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 1: Impact of 2020 on the Advisor and Plan Sponsor Relationship

201820192020202134%16%18%22%ACTIVELY LOOKING FOR A NEW ADVISOR

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.

Sign Up for Our 2021 Highlight Series

  • Highlight 1: Impact of 2020 on the Advisor and Plan Sponsor Relationship
  • Highlight 2: Plan Sponsors Seeking Advisors with Broad Expertise
  • Highlight 3: Retirement Readiness and Plan Design through the Pandemic and Beyond
  • Highlight 4: Investment Menu Themes

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:

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