Financial Education Offered by Employers All Micro <$1mm $1mm-$5mm Saving strategies/prioritization Financial markets/Investing basics Rolling over past balances into the plan Rollover options for separating employees Budgeting Retirement health care costs/savings options Social Security withdrawal options/strategies Credit/Debt management College saving Adviser Fiduciary Status 23% 19% 25% 20% 16% 21% 19% 13% 22% 17% 11% 19% 14% 12% 14% 11% 11% 11% 10% 9% 10% 9% 9% 8% 8% 8% 7% Plan Design Plan Design Elements All Micro <$1mm $1mm-$5mm Automatic enrollment Automatic escalation Investment policy statement Loan provision Safe harbor Roth feature Fee equalization policy Participation Eligibility 20% 16% 21% 13% 12% 14% 43% 29% 48% 73% 67% 75% 66% 75% 63% 62% 58% 63% 15% 17% 14% All Micro <$1mm All Micro <$1mm $1mm-$5mm $1mm-$5mm All Micro <$1mm $1mm-$5mm l Yes - 3(38) fiduciary l Yes - 3(21) fiduciary l No l Unsure/Don't know Does Your Plan Employ a Third Party5 All Micro <$1mm $1mm-$5mm 17% 11% 19% 20% 17% 21% 15% 13% 16% 48% 59% 44% as a 3(16) Fiduciary? Automatic Features Auto-Enrollment Default Deferral Rate All Micro <$1mm $1mm-$5mm l Immediately upon hire l Within 3 months of hire l Within 4 to 11 months of hire l After 1 year from date of hire l After >1 year from date of hire 20% 23% 18% 22% 17% 24% 16% 12% 18% 40% 44% 38% 2% 3% 2% All Micro <$1mm $1mm-$5mm l Yes, broad scope l Yes, limited scope l No l Unsure/Don't know 5Third-party administrator, recordkeeper, adviser, etc. 21% 19% 22% 30% 24% 32% 34% 37% 33% 15% 21% All Micro <$1mm $1mm-$5mm All Micro <$1mm $1mm-$5mm 13% l <3% l 3% l >3% - 5% l >5% 16% 17% 16% 45% 45% 45% 15% 15% 15% 12% 4% 14% planadviser.com january-february 2018 | 33http://www.planadviser.com