Financial Education Offered by Employers All Plans <$1mm $1mm-$5mm Saving strategies/prioritization Financial markets/Investing basics Budgeting Rolling over past balances into the plan Rollover options for separating employees Retirement health care costs/savings options Social Security withdrawal options/strategies Credit/Debt management College saving Adviser Fiduciary Status 44% 19% 28% 36% 15% 25% 29% 13% 16% 29% 14% 22% 27% 13% 20% 26% 10% 13% 21% 8% 10% 19% 6% 17% 6% 8% 9% Plan Design Plan Design Elements All Plans <$1mm $1mm-$5mm Automatic enrollment Automatic escalation Investment policy statement Loan provision Safe harbor Roth feature Fee equalization policy Participation Eligibility 46% 19% 24% 38% 13% 17% 69% 35% 49% 92% 84% 89% 54% 72% 66% 72% 59% 69% 32% 17% 18% All Plans <$1mm All Plans <$1mm $1mm-$5mm $1mm-$5mm All Plans <$1mm $1mm-$5mm l 3(38) fiduciary l 3(21) fiduciary l Adviser is not a plan fiduciary l Unsure/Don't know All Plans <$1mm $1mm-$5mm 17% 15% 15% 37% 15% 24% 13% 13% 17% 34% 58% 44% Does Your Plan Employ a Third Party as a 3(16) Fiduciary? Automatic Features Auto-Enrollment Default Deferral Rate All Plans <$1mm $1mm-$5mm l Immediately upon hire l Within 3 months of hire l Within 4 - 11 months of hire l At 1 year from date of hire l After >1 year from date of hire 37% 22% 20% 28% 21% 26% 13% 18% 17% 21% 38% 35% 1% 2% 2% All Plans <$1mm $1mm-$5mm l Yes, broad scope5 l Yes, limited scope6 l No l Unsure/Don't know 22% 21% 22% 31% 23% 31% 38% 40% 37% 9% 17% 11% 5 The third party has broad-scope acceptance of the administrator role, including to be named as the plan administrator in the plan document. 6 limited-scope acceptance of some (vs. all) of the functions of the plan administrator; responsibility for actions outside of this scope is retained by plan officials. The third party has only l <3% l 3% l >3% - 5% l >5% All Plans <$1mm $1mm-$5mm All Plans <$1mm $1mm-$5mm 11% 20% 12% 39% 45% 42% 24% 20% 20% 26% 16% 27% planadviser.com January-February 2019 | 35http://www.planadviserdigital.com/planadviser/january_february_2019/TrackLink.action?pageName=35&exitLink=http%3A%2F%2Fplanadviser.com