Benchmarking Data Portal
Plan sponsors and PRRL supporters can use the interactive online data portal to compare plan-level data directly to their peers. The portal allows for comparisons based on dozens of plan-level characteristics that can be combined in any way the user chooses. View the short video below to learn how to access and use the tool.
NAGDCA has housed plan-level survey results from its Benchmarking Survey in the online portal since 2016. Beginning in 2020, the data collected through the Benchmarking Survey will be populated directly from the newly founded Public Retirement Research Lab (PRRL) database replacing the need for an annual survey. The new process significantly reduces the workload on plan sponsors compared to the previous survey by simply requiring plans to submit a one-time authorization form which allows their recordkeeper to transfer plan data directly to the PRRL. Government defined contribution plans are unique in the retirement world, and through the creation of the PRRL NAGDCA strives to provide reliable data tailored specially to those plans.
Access the Data Portal
To log into the benchmarking portal, you must use the same login credentials used to take the annual benchmarking survey, NOT your NAGDCA membership login information. To find your login credentials for the benchmarking portal, check your email for a message from Industry Insights. If you are unable to locate your login credentials, please email NAGDCA at nagdca@AMRms.com to retrieve your login information.
2019 Benchmarking Report
NAGDCA has published the fourth annual benchmarking report entitled Perspectives in Practice – A Benchmarking Initiative for Public Sector Defined Contribution Plans. The report includes data that will help the defined contribution industry better understand trends and identify issues to better serve plan sponsors and plan participants.
The report presents a detailed analysis of key operating data from the government defined contribution industry, based on confidential surveys submitted by 98 individual plans representing 65 plan sponsors, $177 billion in plan assets and 4.2 million individual plan participants.
Plans that responded to the survey receive access to a customized Plan Performance Report showing their responses alongside the appropriate industry benchmarks, as well as access to the online portal, a suite of customized, interactive Online Reporting Tools. Look for an announcement from NAGDCA in early 2020 regarding the availability of the customized report and online tool.