Middle Market Plan Sponsor
How many plan actually switch providers and how many assets are in play each year? The answers to these questions and more are revealed in Spectrem’s Middle Market Plan Sponsor 2011. Five hundred and ninety five decision makers at plans of $10 to $200 million were queried in April of 2011 regarding provider selection within the group. Each had switched providers within the past two years. This in-depth report examines this recurring and attractive market which:
- Explores the role of advisors/consultants in the decision to switch providers
- Identifies the reasons that drive the decision to switch providers
- Describes the process of selecting a new provider
- Reveals specific plan features that plan sponsors want from new providers
- Highlights changes in investment lineups with new providers
The implications for plan providers, including what traits signify a company at risk, are examined with focus on data regarding:
- Criteria used in selecting a new plan provider
- Technological and qualitative evaluation of previous providers
- Elements of new plan design
- Plan fees and satisfaction levels
Plan sponsors seek an upgrade in the features and investment options they offer to their participants when they switch providers. This report takes an in-depth look at the service components which play a key role in decision making. $17,500
