RESEARCH |
2024
PLANADVISER Retirement Plan Adviser Survey
The 2024 Retirement Plan Adviser Survey sheds light on the criteria that advisers prioritize in fund and recordkeeper selection and reveals which companies advisers most like to work with.
Reported by PLANADVISER
Providers
Transamerica Retirement Solutions
| Qualified plan adviser votes | 37 |
| Overall Perception Among Qualified Advisers | |||
|---|---|---|---|
| Very favorable | 24% | ||
| Somewhat favorable | 22% | ||
| Not favorable | 54% | ||
| Plan Adviser Experience with Provider | |||
|---|---|---|---|
| Worked with many times | 13% | ||
| Worked with several times | 18% | ||
| Worked with a few times | 23% | ||
| Worked with once | 46% | ||
| Highest Rated Areas of Service | |||
|---|---|---|---|
| Service to MEPs or PEPs | 7 votes | ||
| Payroll integration | 5 votes | ||
| Adviser sales and marketing support | 4 votes | ||
| Plan design flexibility and customization | 4 votes | ||
| Fee clarity, accounting, disclosure or benchmarking | 3 votes | ||
| Fee structure for advisers | 3 votes | ||
| Overall service to midsize plans (>$50mm – $200mm) | 3 votes | ||
| Overall service to small plans ($5mm – $50mm) | 3 votes | ||
| Plan sponsor website, analytics or reporting | 3 votes | ||
| Quality and consistency of client service teams | 3 votes | ||
| Value for price of recordkeeping services | 3 votes | ||