Westminster Consulting Brochure Defined Contribution & Defined Benefit | Page 25

Only 3% indicate
some level of
dissatisfaction with
the arrangement.

We believe integrating
all employment and
compensation data points
into a single database
benefits most plan
sponsors regardless of
strategic objective.

Two out of every five DB
plan sponsors outsource at
least one DB plan function
to their DC plan provider.
In addition, one in five
outsources at least one DB
plan function to a strategic
partner of their DC plan
provider. Our survey found that
three-quarters of DB plan sponsors
rely on their DC provider – or a service provider that has
some relationship with their DC plan provider – to administer a
DB plan function as well.

Total Retirement OutsourcingSM (TRO) as the outsourcing of all
administrative functions associated with a sponsor’s DB and/
or DC retirement plan(s), including recordkeeping, reporting
and compliance