Financial advisers have a lot of pull when it comes to helping employers select a defined contribution plan provider.

Research by Cogent Reports found that defined contribution plan advisers are reducing the number of providers they recommend to clients. The average is just 2.2 plan providers, but 39% of the 508 plan advisers surveyed said they only recommend one plan provider. That is up from 32% in 2015. To participate in the survey, advisers had to be actively managing DC plans and had to be established, with at least $10 million in assets under management.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access