Skip to main content

You are here

Advertisement

NAPA Net Reader Survey Results

Thanks to our readers who participated in last week’s survey. How do you compare to your peers? Here’s a breakdown of the 100 responses we received:

Plans Under Management
< 10: 11%
10-25: 22%
26-100: 51%
> 100: 16%

Assets Under Management
< $1 million: 2%
$5 - $10 million: 5%
$10 - $25 million: 9%
$25 - $50 million: 9%
$50 - $75 million: 7%
$75 - $100 million: 5%
$100 - $150 million: 12%
$150 - $1 billion: 38%
> $1 billion: 9%

Average Plan Size
< $5 million: 59%
$5 - $25 million: 31%
$25 - $100 million: 10%
$100 - $500 million: 2%
> $500 million: 0%

When Did You Start Working with DC Plans?
1950-1970: 2%
1971-1980: 7%
1981-1990: 22%
1991-2000: 34%
2001-2010: 33%
2011-2013: 2%

Some highlights: Nearly two-thirds of our readers have more than 25 plans under management, and 59% have more than $100 million in AUM. This means that most of our readers fall into the “elite” (10-plus plans, $30 million in AUM and at least three years of experience) or “super-elite” (25-plus plans, and more than $100 million in AUM) categories.

While it’s no surprise that NAPA (and NAPA Net) has attracted significant numbers of elite and super-elite advisors, NAPA's goal is to serve all advisors in the market. The retirement plan industry needs more advisors.

Essentially the profession is 15 to 20 years old. As it matures — which we are beginning to see — it makes sense that it would seek to find a voice to represent it, especially given the heightened scrutiny of participant-directed plans these days.

Advertisement