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Plan Sponsors’ Satisfaction with Providers Declines

From a plan sponsor’s perspective, which plan providers are doing the best job? A large number of respondents to the just-released 2012 PLANSPONSOR Defined Contribution Survey indicated a decline in satisfaction with their 401(k) providers. Overall satisfaction is down across 22 of 23 categories of service, the poll of more than 6,000 companies found. This means there are more sales opportunities now than last year.

Whether you agree with the results or not, it’s important that advisors know what plan sponsors are thinking. Read more about the survey findings, who is best in class, and who the top providers are here.

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