RESEARCH |
2018
PLANADVISER Micro Plan Survey
Reported by PLANADVISER
| Art by Claire Merchlinsky
Industry Data
Automatic Features
Automatic Features
Auto-Enrollment Default Deferral Rate
| All Micro | <$1MM | $1MM–$5MM | |
|---|---|---|---|
| <3% | 16% | 17% | 16% |
| 3% | 45% | 45% | 45% |
| >3% – 5% | 15% | 15% | 15% |
| >5% | 12% | 4% | 14% |
Re-Enrollment Actions Taken in Past 12 – 18 Months
| All Micro | <$1MM | $1MM–$5MM | ||
|---|---|---|---|---|
| Re-enrolled employees not participating in the plan (requiring them to opt out again or else be enrolled) | 14% | 13% | 14% | |
| Re-enrolled participants saving below the default deferral rate (thus boosting their deferral rate) | 5% | 6% | 5% | |
| Re-enrolled participants not invested in the default investment (meaning current/ future contributions are invested in the plan default) | 4% | 4% | 4% | |
| We have not re-enrolled any employees/ participants | 83% | 83% | 83% | |