Number of Investment Options Offered All Plans Participants Maximizing Match All Plans <$1mm 22.9 21.0 Average Median 6.3 4.0 Average Median 20.8 20.5 Average Median Number of Investment Options Held by Participants All Plans <$1mm 6.0 3.0 Average Median Company Match A Matching Contribution Offered? All Plans <$1mm $1mm-$5mm $1mm-$5mm 25.3 24.0 Average Median $1mm-$5mm 7.3 5.0 Average Median All Plans <$1mm $1mm-$5mm Frequency of Matching Contributions All or nearly all participants - >90% Vast majority - >75% - 90% More than average - >50% - 75% Less than average - >25% - 50 A small minority - 10% - 25% Very few - <10% Unsure/Don't know <$1mm $1mm-$5mm 26% 36% 30% 27% 19% 22% 21% 10% 16% 12% 11% 5% 9% 4% 7% 6% 8% 13% 5% 6% 7% All Plans l Annually l Quarterly l Monthly - Non-pay-period l Twice monthly - Non-pay-period l Biweekly - Non-pay-period l Per pay period l Other All Plans l Yes l No l Unsure/Don't know A 'True-Up'11 <$1mm $1mm-$5mm 75% 67% 3% 71% 24% 30% 28% 1% 2% Provision for Matching Contributions? All Plans <$1mm $1mm-$5mm Approximate Maximum Match <$1mm $1mm-$5mm 14% 14% 2% 2% 1% 2% 1% 6% 2% 5% 0% 15% 1% 2% 1% 2% 79% 73% 79% 1% 1% All Plans All Plans <$1mm $1mm-$5mm All Plans <$1mm $1mm-$5mm l Yes l No l Unsure/Don't know 40% 19% 23% 42% 40% 43% 18% 41% 34% 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 11 A true-up match may be used to restore matching contributions " lost " when an employee reaches the annual contribution limit prior to year end. 5% 6% 15% 14% 35% 34% 4% 13% 37% 22% 19% 22% 18% 20% 6% 9% 18% 6% <$1mm $1mm-$5mm planadviser.com January-February 2020 | 29http://www.planadviser.com