PLANADVISER - Spring 2023 - 20

2023 PLANADVISER Adviser Value Survey
Respondent Profile
Adviser Status
Whatever a plan's investment options, it is important
l Without adviser
l With 3(38)
fiduciary adviser
l With 3(21)
fiduciary adviser
l With nonfiduciary
adviser
l With adviser -
unsure of type
7.1%
30.7%
14.8%
24.4%
23.0%
that these be regularly reviewed for quality, says Sampson.
His firm reviews investments at least annually for smaller
plans and quarterly for large ones.
According to the survey, plans that use an adviser have
a big lead on reviewing investment options; 46% do so quarterly,
vs. 27% of plans with no adviser. Here, fiduciary status
has an effect, where 66% of 3(21) fiduciaries review these
options quarterly, compared with 44% of 3(38) fiduciaries,
and just 24% of nonfiduciary advisers. As a 3(38) manager
has discretion over
the investments,
the perhaps lessfrequent
reviews make sense.
Meanwhile-and this may be an opportunity to point out
why a potential client needs assistance-a somewhat troubling
14% of nonadvised plans review investment options less
often than once a year; just 4% of advised plans are that lax
Last year, 401(k) loans and withdrawals increased as
Loan Features
Plan includes a loan provision
l Yes l No l Unsure
2.1%
15.7%
24.7%
73.2%
82.6%
52.3%
Plan has a policy to let separated employees make loan payments post-termination
Without adviser
With adviser
Without adviser
With adviser
l Yes, or one will be implemented l No, but one may be added in the future l No l Unsure
12.1%
22.7%
7.6%
57.6%
66.7%
4.4%
Without adviser
With 3(38)
fiduciary adviser
20 planadviser.com | Spring 2023 | Participants
With 3(21)
fiduciary adviser
With nonfiduciary
adviser
With adviser -
unsure of type
3.7%
25.9%
3.7%
48.2%
3.5%
29.2%
43.9%
58.3%
12.5%
55.6%
19.8%
19.8%
4.9%
6.2%
35.4%
40.9%
50.5%
1.7%
participants sought to contend with inflation, according to
The Vanguard Group. The ability to take a loan was imporNumber
of simultaneous loans allowed
l 1 l 2 l 3 l 4
6.2%
4.3%
4.3%

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PLANADVISER - Spring 2023

Table of Contents for the Digital Edition of PLANADVISER - Spring 2023

A Step in a New Direction
PLANADVISER Adviser Value Survey
DB Summit
What Participants Need
Advanced Offerings
Expanding the Adviser Remit
The Long Goodbye
Missed Opportunities
How to Avoid Fee Conflicts
Who’s to Blame?
PLANADVISER - Spring 2023 - C1
PLANADVISER - Spring 2023 - C2
PLANADVISER - Spring 2023 - 1
PLANADVISER - Spring 2023 - 2
PLANADVISER - Spring 2023 - 3
PLANADVISER - Spring 2023 - 4
PLANADVISER - Spring 2023 - 5
PLANADVISER - Spring 2023 - 6
PLANADVISER - Spring 2023 - 7
PLANADVISER - Spring 2023 - 8
PLANADVISER - Spring 2023 - 9
PLANADVISER - Spring 2023 - 10
PLANADVISER - Spring 2023 - 11
PLANADVISER - Spring 2023 - 12
PLANADVISER - Spring 2023 - 13
PLANADVISER - Spring 2023 - A Step in a New Direction
PLANADVISER - Spring 2023 - 15
PLANADVISER - Spring 2023 - 16
PLANADVISER - Spring 2023 - 17
PLANADVISER - Spring 2023 - PLANADVISER Adviser Value Survey
PLANADVISER - Spring 2023 - 19
PLANADVISER - Spring 2023 - 20
PLANADVISER - Spring 2023 - 21
PLANADVISER - Spring 2023 - 22
PLANADVISER - Spring 2023 - 23
PLANADVISER - Spring 2023 - DB Summit
PLANADVISER - Spring 2023 - 25
PLANADVISER - Spring 2023 - What Participants Need
PLANADVISER - Spring 2023 - 27
PLANADVISER - Spring 2023 - 28
PLANADVISER - Spring 2023 - 29
PLANADVISER - Spring 2023 - Advanced Offerings
PLANADVISER - Spring 2023 - 31
PLANADVISER - Spring 2023 - Expanding the Adviser Remit
PLANADVISER - Spring 2023 - The Long Goodbye
PLANADVISER - Spring 2023 - Missed Opportunities
PLANADVISER - Spring 2023 - 35
PLANADVISER - Spring 2023 - How to Avoid Fee Conflicts
PLANADVISER - Spring 2023 - 37
PLANADVISER - Spring 2023 - Who’s to Blame?
PLANADVISER - Spring 2023 - 39
PLANADVISER - Spring 2023 - 40
PLANADVISER - Spring 2023 - C3
PLANADVISER - Spring 2023 - C4
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https://www.planadviserdigital.com/planadviser/september_october_2019
https://www.planadviserdigital.com/planadviser/july_august_2019
https://www.planadviserdigital.com/planadviser/may_june_2019
https://www.planadviserdigital.com/planadviser/march_april_2019
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https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
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https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
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