2018 PLANADVISER Micro Plan Survey continued Approximate Maximum Match Costs/Fees Who Pays for Plan's Administrative/Recordkeeping Costs All Micro <$1mm $1mm-$5mm All Micro All Micro <$1mm $1mm-$5mm l >100% of first 6% of salary l 100% of first 6% of salary l 51% - 99% of first 6% of salary l 50% of first 6% of salary l <50% of first 6% of salary l Other DC Providers Length of Relationship With Provider 7% 9% 6% All Micro <$1mm $1mm-$5mm 13% 11% 13% 34% 38% 33% 21% 17% 22% 19% 18% 19% 7% 7% 7% Approximate Average Expense Ratio of Plan Investments All Micro <$1mm $1mm-$5mm <0.25% (<25 bps) All Micro <$1mm $1mm-$5mm All Micro <$1mm $1mm-$5mm l <1 year l 1 year to 3 years l >3 years to 5 years l >5 years to 7 years l >7 years l Unsure/Don't know Frequency of Formal Review of Providers All Micro <$1mm $1mm-$5mm Annually Every 1 to 2 years Every >2 to 3 years Every >3 to 5 years Every >5 years Unsure/Don't know 66% 60% 68% 10% 10% 10% 6% 5% 2% 1% 2% 3% 14% 21% 6% 3% 2% 11% l Annually l Every 1 to 2 years l Every 2 to 3 years l Every 4 to 5 years l Every >5 years l Unsure/Don't know All Micro <$1mm $1mm-$5mm 76% 72% 77% 10% 8% 10% 4% 3% 1% 1% 1% 1% 9% 15% 3% 5% 2% 17% 20% 16% 18% 16% 19% 14% 16% 13% 44% 37% 46% 4% 7% 3% Frequency of Formal Review of Administrative Costs/Fees 0.25% - 0.50% (25 - 50 bps) >0.50% - 0.75% (51- 75 bps) >0.75% -1.0% (76 -100 bps) >1.0% - 2.0% (101- 200 bps) >2.0% - 2.5% (20 - 250 bps) >2.5% (>250 bps) Unsure/Don't know 10% 15% 8% 16% 15% 16% 9% 9% 10% 4% 9% 6% 0% 1% 1% 0% 44% 51% 9% 13% 11% 0% 1% 42% l Plan (via participants) l Employer l Both l Unsure/Don't know 27% 20% 30% 48% 55% 46% 12% 9% 14% 12% 17% 10% <$1mm $1mm-$5mm All Micro <$1mm $1mm-$5mm 4% 1% 0% 7% 36 | planadviser.com january-february 2018http://www.planadviser.com