PLANADVISER - January/February 2018 - 37

Were Total Plan Fees Calculated for the Prior Plan Year?
Account Balance (Average)
All Micro
<$1mm
$1mm-$5mm
All Micro
<$1mm
All Micro <$1mm $1mm-$5mm
l Yes, and we externally benchmarked our
plan's cost/fees as part of the process
l Yes, and we plan to externally benchmark
our plan's cost/fees in the near future
l Yes, but we did not externally benchmark
our plan's cost/fees
l No, but we intend to calculate total fees
in the next 6 months
l No, but we may do it at some point
in the future
l Unsure/Don't know
Results
Participation Rate (Average)
32% 23% 35%
Account Balance (Median)
5% 5%
5%
16% 12% 18%
All Micro
5% 6%
4%
22% 28% 20%
Participants Making Hardship Withdrawals
20% 26% 18%
Average
Median
Participants With Loans Outstanding
All Micro <$1mm $1mm-$5mm
All Micro
77%
Participation Rate (Median)
<$1mm
73%
$1mm-$5mm
78%
Success Measures Used
All Micro <$1mm $1mm-$5mm
Participation rates
Deferral rates
Employee satisfaction with plan (survey)
External benchmarking of plan design
Participants saving to match
All Micro
83%
<$1mm
83%
$1mm-$5mm
83%
Participants increasing deferral rates in past year
Participants using advice tools/seminars offered
Participants meeting projected monthly goals
We have no formal plan success measures
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47% 33% 51%
30% 24% 32%
13% 10% 15%
12% 7% 14%
9%
4% 2%
3%
3%
2%
4%
4% 10%
4%
4%
3%
43% 57% 38%
Average
Median
10% 8% 10%
6% 1%
All Micro <$1mm $1mm-$5mm
1%
1%
0% 0%
1%
0%
$58,000
<$1mm
$35,000
$1mm-$5mm
$65,833
$78,546
$50,388
$1mm-$5mm
$88,144
8%
planadviser.com january-february 2018 | 37

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PLANADVISER - January/February 2018

Table of Contents for the Digital Edition of PLANADVISER - January/February 2018

Big Ideas
2018 PLANADVISER Top 100 Retirement Plan Advisers
2018 PLANADVISER Micro Plan Survey
Value Added
The Magic of Local Events
Warming to ESG
HSAs in Retirement Planning
PLANADVISER - January/February 2018 - Cover1
PLANADVISER - January/February 2018 - Cover2
PLANADVISER - January/February 2018 - 1
PLANADVISER - January/February 2018 - 2
PLANADVISER - January/February 2018 - 3
PLANADVISER - January/February 2018 - 4
PLANADVISER - January/February 2018 - 5
PLANADVISER - January/February 2018 - 6
PLANADVISER - January/February 2018 - 7
PLANADVISER - January/February 2018 - 8
PLANADVISER - January/February 2018 - 9
PLANADVISER - January/February 2018 - 10
PLANADVISER - January/February 2018 - 11
PLANADVISER - January/February 2018 - 12
PLANADVISER - January/February 2018 - 13
PLANADVISER - January/February 2018 - 14
PLANADVISER - January/February 2018 - 15
PLANADVISER - January/February 2018 - 16
PLANADVISER - January/February 2018 - 17
PLANADVISER - January/February 2018 - Big Ideas
PLANADVISER - January/February 2018 - 19
PLANADVISER - January/February 2018 - 20
PLANADVISER - January/February 2018 - 21
PLANADVISER - January/February 2018 - 2018 PLANADVISER Top 100 Retirement Plan Advisers
PLANADVISER - January/February 2018 - 23
PLANADVISER - January/February 2018 - 24
PLANADVISER - January/February 2018 - 25
PLANADVISER - January/February 2018 - 26
PLANADVISER - January/February 2018 - 27
PLANADVISER - January/February 2018 - 28
PLANADVISER - January/February 2018 - 29
PLANADVISER - January/February 2018 - 2018 PLANADVISER Micro Plan Survey
PLANADVISER - January/February 2018 - 31
PLANADVISER - January/February 2018 - 32
PLANADVISER - January/February 2018 - 33
PLANADVISER - January/February 2018 - 34
PLANADVISER - January/February 2018 - 35
PLANADVISER - January/February 2018 - 36
PLANADVISER - January/February 2018 - 37
PLANADVISER - January/February 2018 - Value Added
PLANADVISER - January/February 2018 - 39
PLANADVISER - January/February 2018 - The Magic of Local Events
PLANADVISER - January/February 2018 - 41
PLANADVISER - January/February 2018 - Warming to ESG
PLANADVISER - January/February 2018 - 43
PLANADVISER - January/February 2018 - HSAs in Retirement Planning
PLANADVISER - January/February 2018 - 45
PLANADVISER - January/February 2018 - 46
PLANADVISER - January/February 2018 - 47
PLANADVISER - January/February 2018 - 48
PLANADVISER - January/February 2018 - Cover3
PLANADVISER - January/February 2018 - Cover4
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https://www.planadviserdigital.com/planadviser/industry_leader_awards_2022
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https://www.planadviserdigital.com/planadviser/november_december_2021
https://www.planadviserdigital.com/planadviser/september_october_2021
https://www.planadviserdigital.com/planadviser/july_august_2021
https://www.planadviserdigital.com/planadviser/may_june_2021
https://www.planadviserdigital.com/planadviser/march_april_2021
https://www.planadviserdigital.com/planadviser/january_february_2021
https://www.planadviserdigital.com/planadviser/november_december_2020
https://www.planadviserdigital.com/planadviser/september_october_2020
https://www.planadviserdigital.com/planadviser/july_august_2020
https://www.planadviserdigital.com/planadviser/may_june_2020
https://www.planadviserdigital.com/planadviser/march_april_2020
https://www.planadviserdigital.com/planadviser/january_february_2020
https://www.planadviserdigital.com/planadviser/november_december_2019
https://www.planadviserdigital.com/planadviser/september_october_2019
https://www.planadviserdigital.com/planadviser/july_august_2019
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https://www.planadviserdigital.com/planadviser/march_april_2019
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https://www.planadviserdigital.com/planadviser/november_december_2018
https://www.planadviserdigital.com/planadviser/september_october_2018
https://www.planadviserdigital.com/planadviser/july_august_2018
https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
https://www.planadviserdigital.com/planadviser/january_february_2018
https://www.planadviserdigital.com/planadviser/november_december_2017
https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
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