The survey, titled “Retirement Plan Trends in Today’s Healthcare Market — 2010,” found that in 2010, 79 percent of plan sponsors reporting having an advisor, an increase over 2009. Thirty-seven percent of healthcare plan sponsors also employed on-site representatives, and 13 percent of sponsors relied on their plan provider to arrange for an auditor.
Vendor changes are on the rise as well. Respondents said they plan to change recordkeepers (11 percent), consolidate recordkeeping for multiple plans (9 percent), change advisors (8 percent), reduce the number of plan providers (4 percent) and consolidate investments for multiple plans (4 percent).
Read the survey on retirement plans from Diversified Investment Advisors (pdf).
Read more on employee benefits:
–North Carolina’s Haywood Regional Medical Center Pays Former CEO $150,000, Settles Lawsuit
–West Virginia Hospital Must Pay Employees $500K Following Lawsuit Over Pension, Benefits
