PLANADVISER - January/February 2019 - 41

Were Total Plan Fees Calculated for the Prior Plan Year?
Account Balance (Average)
<$1mm
$53,723
All Plans
<$1mm
$1mm-$5mm
All Plans
$102,586
All Plans <$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)
Account Balance (Median)
46% 25% 29%
<$1mm
7% 1%
5%
17% 17% 21%
All Plans
4% 8%
5%
12% 26% 20%
All Plans <$1mm $1mm-$5mm
14% 23% 20%
Average
Median
Participants With Loans Outstanding
All Plans <$1mm $1mm-$5mm
Average
Median
All Plans
79%
Participation Rate (Median)
<$1mm
73%
$1mm-$5mm
76%
Success Measures Used
All Plans <$1mm $1mm-$5mm
Participation rates
Deferral rates
External benchmarking of plan design
Participants saving to match
All Plans
87%
<$1mm
85%
$1mm-$5mm
81%
Employee satisfaction with plan (survey)
Participant assets allocated " appropriately "
Participants using advice tools/seminars offered
Participants increasing deferral rates in past year
Participants meeting income replacement goals
Have no formal plan success measures
72% 45% 58%
58% 27% 39%
26% 5% 16%
23% 10% 14%
17% 12% 16%
14% 2%
12% 2%
11% 2%
9%
3%
13% 12% 12%
11% 10% 10%
1%
1%
0% 0%
1%
0%
$77,204
$30,476
$1mm-$5mm
$58,469
Participants Making Hardship Withdrawals
$1mm-$5mm
$91,143
6%
4%
7%
3%
21% 48% 34%
WANT MORE? Research reports are available by plan size, industry or custom specifications. For more information on content and
pricing, please contact brian.okeefe@strategic-i.com.
planadviser.com January-February 2019 | 39

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PLANADVISER - January/February 2019

Table of Contents for the Digital Edition of PLANADVISER - January/February 2019

PLANADVISER - January/February 2019 - Cover1
PLANADVISER - January/February 2019 - Cover2
PLANADVISER - January/February 2019 - 1
PLANADVISER - January/February 2019 - 2
PLANADVISER - January/February 2019 - 3
PLANADVISER - January/February 2019 - 4
PLANADVISER - January/February 2019 - 5
PLANADVISER - January/February 2019 - 6
PLANADVISER - January/February 2019 - 7
PLANADVISER - January/February 2019 - 8
PLANADVISER - January/February 2019 - 9
PLANADVISER - January/February 2019 - 10
PLANADVISER - January/February 2019 - 11
PLANADVISER - January/February 2019 - 12
PLANADVISER - January/February 2019 - 13
PLANADVISER - January/February 2019 - 14
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PLANADVISER - January/February 2019 - 16
PLANADVISER - January/February 2019 - 17
PLANADVISER - January/February 2019 - 18
PLANADVISER - January/February 2019 - 19
PLANADVISER - January/February 2019 - 20
PLANADVISER - January/February 2019 - 21
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PLANADVISER - January/February 2019 - 23
PLANADVISER - January/February 2019 - 24
PLANADVISER - January/February 2019 - 25
PLANADVISER - January/February 2019 - 26
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PLANADVISER - January/February 2019 - 28
PLANADVISER - January/February 2019 - 29
PLANADVISER - January/February 2019 - 30
PLANADVISER - January/February 2019 - 31
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PLANADVISER - January/February 2019 - 40
PLANADVISER - January/February 2019 - 41
PLANADVISER - January/February 2019 - 42
PLANADVISER - January/February 2019 - 43
PLANADVISER - January/February 2019 - 44
PLANADVISER - January/February 2019 - 45
PLANADVISER - January/February 2019 - 46
PLANADVISER - January/February 2019 - 47
PLANADVISER - January/February 2019 - 48
PLANADVISER - January/February 2019 - 49
PLANADVISER - January/February 2019 - 50
PLANADVISER - January/February 2019 - Cover3
PLANADVISER - January/February 2019 - Cover4
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
https://www.planadviserdigital.com/planadviser/may_june_2019
https://www.planadviserdigital.com/planadviser/march_april_2019
https://www.planadviserdigital.com/planadviser/january_february_2019
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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