Retirement Plan Sponsor Experience Benchmark

The Retirement Plan Sponsor Experience Benchmark evaluates the digital platforms of 14 leading plan sponsor platforms using a rigorous framework that covers the full digital experience from the end-user perspective. The assessment reveals how these digital experiences rank in the competitive landscape overall and across various categories of evaluation.
blank

See the Whole Landscape. Know Where You Stand.

Today’s organizations face rapidly evolving expectations, internal biases, and limited visibility into competitor experiences—it’s hard to improve your digital platforms. Meanwhile your competitors are building game-changing features behind login walls while you’re analyzing their marketing sites.

Experience Benchmarks show you where you lead, where you lag, and where to invest next. Turn competitive insights into actionable CX priorities with clear visibility into the trends shaping customer expectations in your industry.

Deep Dives Into all Areas of the Digital Experience

Our digital benchmarking framework consists of a comprehensive set of categories, subcategories and attributes covering the full digital experience. These include:

  • Participant Data & Management
  • Plan Information
  • Design & Navigation
  • Plan Administration
  • Profile & Settings
  • Reporting
  • Support

Experience Benchmark Competitor Set

  • American Funds RecordkeeperDirect
  • Charles Schwab
  • Empower
  • Fidelity
  • Lincoln Financial Group
  • Merrill
  • Nationwide
  • Principal
  • T. Rowe Price
  • TIAA
  • Transamerica
  • TruStage
  • Vanguard
  • Voya

Retirement Plan Sponsor Experience Benchmark Components

blank

Importance Weightings

We conduct an annual survey of over 250 users of plan sponsor platforms to understand their digital preferences and behaviors. Survey results are used to assign importance weightings to all aspects of the Experience Benchmark framework.

blank

Benchmarking Data

Firms receive a rank versus their competitors (from 1 to 14) and score (from 1 to 100) for their overall platform and for every category in the framework. The data shows clients their relative strengths and weaknesses versus competitors.

blank

User Research

We perform expert reviews of key digital journeys that users typically perform on their plan sponsor platform. These reviews impact firms’ scores in most assessment categories.

blank

Best Practice Learnings

We highlight industry best practices within each category of assessment, offering concrete examples and screenshots. Clients can use these learnings for inspiration as they build their digital roadmaps.

Get an edge with the Retirement Plan Sponsor Experience Benchmark

    Get in Touch

    Need More? Custom Competitive Benchmarking in Any Industry

    A customized digital roadmap for better strategic investment. See how your platform compares to competitors, discover your strengths, and uncover the highest-value improvement areas to boost your competitive standing. 

    blank

    Benchmarking Tailored to Your Needs

    Discover exactly where to invest for the biggest impact on your digital experience. A custom Experience Benchmark compares your firm’s platforms against your top competitors, for actionable answers to your biggest strategic questions. Available for any of the industries we serve.

      Download the Guide