do you provide a profit-sharing contribution?
adviser
Yes 42.7%
No 57.3%
no adviser
37.9%
62.1%
do you match the participant’s contribution?
adviser
Yes 72.8%
No 27.2%
no adviser
74.6%
25.4%
how much is the approximate maximum match?
adviser no adviser
5.8% 4.9%
9.2% 10.3%
24.2% 28.2%
27.9% 29.1%
32.9% 27.5%
What is the average expense ratio of plan investments?
adviser no adviser
14.2% 12.1%
18.2% 20.0%
16.3% 19.4%
21.1% 21.2%
12.8% 9.0%
1.4% 0.9%
0.3% 0.5%
0.0% 0.0%
15.7% 17.1%
Less than 0.25% (< 25 bps)
0.25-0.50% (25-50 bps)
0.51-0.75% (51-75 bps)
0.76%-1% (76-100 bps)
1%- 1.5% (101-150 bps)
1.6%- 2.0% (160-200 bps)
2.1%- 2.5% (210-250 bps)
More than 2.5% (More than 250 bps)
Don't know
More than 100% of 6% of salary
100% match on 6% of salary
Between 51%-99% of 6% of salary
50% match on 6% (effective 3%)
Less than 50% of 6% of salary
Participants taking full advantage of the match:
adviser
64.9%
75.0%
no adviser
65.4%
74.5%
how often do you formally review costs/fees?
adviser
72.4%
11.5%
6.2%
4.7%
1.4%
3.8%
Annually
Every 1 to 2 years
Every 2 to 3 years
Every 3 to 5 years
Every 5+ years
Never
no adviser
69.9%
10.9%
5.9%
5.3%
2.1%
5.8%
Average
Median
Participants are 100% vested in the match
adviser
28.1%
1.0%
5.1%
3.0%
12.1%
4.4%
25.8%
20.5%
Immediately on enrollment
6 months
1 year
2 years
3 years
4 years
5 years
After more than 5 years
do you have an investment committee for the dC plan?
adviser no adviser
53.5% 59.1%
17.7% 12.8%
28.8% 28.1%
Yes (internal employees only)
Yes (includes non-employees)
No investment committee for DC plan
no adviser
31.9%
0.7%
6.3%
3.9%
14.3%
3.2%
24.2%
15.5%
Yes
No
do you have a written IPS for the dC plan?
adviser
74.2%
25.8%
no adviser
66.2%
33.8%
Financial advice offered to dC participants
adviser
18.3%
41.0%
10.0%
27.4%
3.4%
If so, how closely is compliance with the IPS monitored?
adviser no adviser
48.8% 57.0%
No
Yes (financial adviser outside the plan)
Yes (third party—e.g., Financial Engines)
Yes (DC provider)
Yes (through another source)
no adviser
45.0%
4.8%
8.9%
38.0%
3.3%
Very vigilant about monitoring
compliance with the IPS
Somewhat vigilant, but rely on outside
vendors (adviser, provider, lawyer, etc.)
Not very vigilant; only periodically check
IPS compliance
Not concerned about IPS compliance
47.2%
34.9%
3.5%
6.7%
0.6%
1.3%
