PLANADVISER - Spring 2023 - 23
Distribution Vehicles
Plan document allows for the following in-service distributions
Hardship withdrawals
Without adviser
88.5%
With 3(38) fiduciary adviser 87.1%
With 3(21) fiduciary adviser 90.6%
With nonfiduciary adviser
96.4%
With adviser - unsure of type 91.4%
Distribution after attaining a specific age
Without adviser
72.4%
With 3(38) fiduciary adviser 83.9%
With 3(21) fiduciary adviser 87.4%
With nonfiduciary adviser
85.7%
With adviser - unsure of type 79.6%
Distribution for active duty military personnel*
Without adviser
37.9%
With 3(38) fiduciary adviser 37.1%
With 3(21) fiduciary adviser 44.1%
With nonfiduciary adviser
25.0%
With adviser - unsure of type 28.0%
Methodology
From August through October 2022, 2,830 defined contribution
plan sponsors completed our 2022 PLANSPONSOR
Defined Contribution Survey. Among over 100 questions
pertaining to respondents' satisfaction with DC plan
providers, plan design, plan monitoring/oversight, fees, etc.,
the survey asked about contributions an adviser might have
made to the plan. Responses indicated whether or not the use
of an adviser, and, if so, which type-e.g., fiduciary or non--
influenced the plan's offerings, services and best practices.
For more information about the survey results, and the
value advisers add to their clients' plans, please contact
surveys@issmediasolutions.com.
Rollover assets once received from employee
Without adviser
27.6%
With 3(38) fiduciary adviser 40.3%
With 3(21) fiduciary adviser 47.2%
With nonfiduciary adviser
39.3%
With adviser - unsure of type 22.6%
After-tax dollars
Without adviser
With 3(38) fiduciary adviser
9.7%
With 3(21) fiduciary adviser 23.6%
With nonfiduciary adviser
11.5%
7.1%
With adviser - unsure of type 9.7%
None
Without adviser
7.4%
With 3(38) fiduciary adviser 7.5%
With 3(21) fiduciary adviser 4.5%
With nonfiduciary adviser
3.4%
With adviser - unsure of type 11.4%
*As defined in the Heroes Earnings Assistance and Relief Tax, or HEART, Act.
Participants | Spring 2023 | planadviser.com 23
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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
https://www.planadviserdigital.com/planadviser/winter_2023
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https://www.planadviserdigital.com/planadviser/summer_2023
https://www.planadviserdigital.com/planadviser/industryleader_2023
https://www.planadviserdigital.com/planadviser/spring_2023
https://www.planadviserdigital.com/planadviser/november_december_2022
https://www.planadviserdigital.com/planadviser/september_october_2022
https://www.planadviserdigital.com/planadviser/july_august_2022
https://www.planadviserdigital.com/planadviser/may_june_2022
https://www.planadviserdigital.com/planadviser/industry_leader_awards_2022
https://www.planadviserdigital.com/planadviser/march_april_2022
https://www.planadviserdigital.com/planadviser/january_february_2022
https://www.planadviserdigital.com/planadviser/november_december_2021
https://www.planadviserdigital.com/planadviser/september_october_2021
https://www.planadviserdigital.com/planadviser/july_august_2021
https://www.planadviserdigital.com/planadviser/may_june_2021
https://www.planadviserdigital.com/planadviser/march_april_2021
https://www.planadviserdigital.com/planadviser/january_february_2021
https://www.planadviserdigital.com/planadviser/november_december_2020
https://www.planadviserdigital.com/planadviser/september_october_2020
https://www.planadviserdigital.com/planadviser/july_august_2020
https://www.planadviserdigital.com/planadviser/may_june_2020
https://www.planadviserdigital.com/planadviser/march_april_2020
https://www.planadviserdigital.com/planadviser/january_february_2020
https://www.planadviserdigital.com/planadviser/november_december_2019
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
https://www.planadviserdigital.com/planadviser/january_february_2019
https://www.planadviserdigital.com/planadviser/november_december_2018
https://www.planadviserdigital.com/planadviser/september_october_2018
https://www.planadviserdigital.com/planadviser/july_august_2018
https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
https://www.planadviserdigital.com/planadviser/january_february_2018
https://www.planadviserdigital.com/planadviser/november_december_2017
https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
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