2019 PLANADVISER Micro Plan Survey continued Approximate Maximum Match Costs/Fees Who Pays for Plan's Administrative/Recordkeeping Costs? All Plans <$1mm $1mm-$5mm All Plans All Plans <$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 Plan Recordkeeper All Plans <$1mm $1mm-$5mm All Plans <$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 Plans <$1mm $1mm-$5mm Annually Every 1 to 2 years Every >2 to 3 years Every 4 to 5 years Every >5 years Unsure/Don't know 62% 58% 63% 10% 10% 11% 9% 7% 7% 4% 3% 3% 6% 4% 2% 9% 19% 15% l Annually l Every 1 to 2 years l Every >2 to 3 years l Every >3 to 5 years l Every >5 years l Unsure/Don't know All Plans <$1mm $1mm-$5mm 74% 70% 73% 9% 8% 10% 6% 4% 3% 3% 1% 1% 6% 15% 5% 2% 1% 9% 4% 5% 13% 21% 3% 17% 14% 20% 19% 12% 11% 13% 54% 33% 42% 3% 9% 5% 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% (201 - 250 bps) >2.5% (>250 bps) Unsure/Don't know Basis points. 12 Frequency of Formal Review of Administrative Costs/Fees 8% 9% 8% 15% 16% 15% 31% 36% 33% 22% 15% 21% 15% 14% 13% 9% 11% 10% l Plan, via participants l Employer l Both l Unsure/Don't know All Plans <$1mm $1mm-$5mm 47% 18% 30% 31% 56% 45% 14% 11% 14% 7% 14% 11% Approximate Average Expense Ratio of Plan Investments All Plans <$1mm $1mm-$5mm <0.25% (<25 bps12 ) 16% 15% 12% 26% 13% 17% 15% 7% 10% 9% 7% 10% 5% 5% 0% 0% 0% 1% 9% 0% 1% 29% 52% 41% <$1mm $1mm-$5mm All Plans <$1mm $1mm-$5mm 38 | planadviser.com January-February 2019http://www.planadviserdigital.com/planadviser/january_february_2019/TrackLink.action?pageName=38&exitLink=http%3A%2F%2Fplanadviser.com