When participants are 100% vested in the match
WITH
ADVISER
WITHOUT
ADVISER
DIFF
W/ADVISER
29.6% 32.2% - 8.2%
0.9% 0.8% 9.1%
5.7% 5.9% - 2.4%
3.7% 4.4% - 16.3%
12.3% 12.3% 0.5%
3.1% 3.1% 1.3%
24.4% 23.5% 4.0%
20.3% 17.9% 13.4%
Immediately on enrollment
6 months
1 year
2 years
3 years
4 years
5 years
After more than 5 years
Approximate average expense ratio
of all the investment options in the DC plan
WITH
ADVISER
WITHOUT
ADVISER
DIFF
W/ADVISER
11.5% 12.2% - 5.3%
18.1% 19.9% - 9.3%
16.3% 17.6% - 7.5%
19.8% 18.4% 7.7%
11.0% 8.1% 35.3%
1.1% 1.0% 18.5%
0.1% 0.2% - 47.3%
0.0% 0.1% - 70.7%
22.0% 22.5% - 1.9%
Less than .25% (< 25 bps)
.25-.50% ( 25-50 bps)
.51-.75% (51-75 bps)
.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% (>250 bps)
Don't know
Investment vehicles used in DC plans
WITH
ADVISER
91.5%
22.5%
39.1%
7.5%
10.3%
Mutual Funds
Separate account
Managed account
Commingled Pool
Collective Trust
WITHOUT
ADVISER
DIFF
W/ADVISER
90.4% 1.1%
19.7% 14.6%
32.1% 21.7%
8.4% - 11.2%
11.6% - 11.5%
Types of target-date funds used
Single-manager funds
Multi-manager funds
Two or more of the above
Not sure
Other
WITH
ADVISER
32.5%
13.1%
10.5%
30.4%
4.7%
WITHOUT
ADVISER
DIFF
W/ADVISER
38.4% - 15.3%
10.7% 21.8%
9.5% 10.3%
32.1% - 5.3%
3.5% 34.9%
of DC provider's proprietary funds in the plan
WITH
ADVISER
WITHOUT
ADVISER
DIFF
W/ADVISER
52.7% 42.4% 24.4%
10.5% 11.1% - 5.8%
5.9% 7.8% - 24.2%
3.8% 5.4% - 30.4%
3.7% 6.4% - 42.8%
23.4% 26.8% - 12.7%
0%-20%
21%-40%
41%-60%
61%-80%
81%-100%
Don't know
of funds in DC plans offering revenue sharing
to pay for plan administrative expenses
WITH
ADVISER
WITHOUT
ADVISER
DIFF
W/ADVISER
24.2% 22.1% 9.3%
4.2% 4.4% - 4.3%
4.4% 4.5% - 1.7%
4.7% 5.1% - 9.0%
13.9% 11.4% 22.5%
48.6% 52.5% - 7.4%
0%-20%
21%-40%
41%-60%
61%-80%
81%-100%
Don't know
Investment committees for DC plan
WITH
ADVISER
40.3%
1.7%
32.2%
0.8%
23.6%
1.3%
Yes—employees only
Yes—only external to our company
Yes—a mix of internal and external
Yes—unsure of composition
No investment committee
Don't know
WITHOUT
ADVISER
DIFF
W/ADVISER
47.5% - 15.0%
1.7% 1.6%
20.3% 58.4%
1.3% - 36.7%
27.0% - 12.4%
2.2% - 42.2%
Success measures used
Participation rate
Employee segment deferrals
% participants saving to match
“Appropriate” asset allocation
Increased deferral rates
Use of advice tools/seminars
Employee satisfaction (surveys)
Benchmarking of plan design
No formal success measures
WITH
ADVISER
67.6%
35.8%
27.6%
15.4%
13.7%
16.5%
28.3%
25.3%
26.8%
WITHOUT
ADVISER
DIFF
W/ADVISER
61.7% 9.6%
30.9% 15.6%
22.3% 24.0%
12.6% 21.7%
10.4% 31.8%
10.4% 58.6%
22.1% 28.4%
19.9% 27.1%
