Defined contribution plan providers desiring to attract the attention of mega-plan sponsors and become their provider of choice need to better assist participants reach their retirement goals, new research reveals.
Cogent Research, Cambridge, Mass., discloses this finding in a new report, “Retirement Planscape 2012.” The annual study is based on a representative survey of more than 1,500 DC plan sponsors across all plan sizes and industries.
Among the top 35 leading DC plan providers, Fidelity Investments and Vanguard rival each other for best-in-class position in the areas that matter most to mega-plan sponsors. The areas include ease of doing business and demonstrating good value for the money, in addition to participant retirement support.