RESEARCH |
2019
PLANADVISER Micro Plan Survey
Our annual gathering of data on plans with less than $5 million in assets points to a promising market for advisers
Reported by PLANADVISER
| Art by JooHee Yoon
Industry Data
Top and Bottom 5 Industries for Micro Plans
| Top and Bottom 5 Industries for Micro Plans, in Terms of ... |
||||||||
|---|---|---|---|---|---|---|---|---|
| Average Participation Rate | ||||||||
| Top | Bottom | |||||||
| 1 | Accounting | 92.7% | 44 | Health care (not for profit) | 62.9% | |||
| 2 | Banking: Commercial | 90.3% | 45 | Govt: County/State/Federal | 61.2% | |||
| 3 | Insurance/Reinsurance | 88.8% | 46 | Transportation/Airlines | 59.5% | |||
| 4 | Financial services | 88.6% | 47 | Education: K–12, preschool | 58.1% | |||
| 5 | Holding co’s/Inv banking | 87.6% | 48 | Restaurants/Food service | 57.5% | |||
| Average Account Balance | ||||||||
| Top | Bottom | |||||||
| 1 | Law firms | $184,592 | 44 | Transportation/Airlines | $38,511 | |||
| 2 | Utilities | $160,925 | 45 | Religious/Social svcs | $37,593 | |||
| 3 | Membership | $124,618 | 46 | Education: Higher ed | $25,981 | |||
| 4 | Accounting | $121,511 | 47 | Restaurants/Food service | $24,439 | |||
| 5 | Financial services | $114,493 | 48 | Automotive: Manufacturing | $23,197 | |||
| Average Deferral Rate | ||||||||
| Top | Bottom | |||||||
| 1 | Chemicals | 8.2% | 44 | Health care (not for profit) | 4.9% | |||
| 2 | Consulting | 8.1% | 45 | Govt: County/State/Federal | 4.8% | |||
| 3 | Engineering | 7.8% | 46 | Transportation/Airlines | 4.6% | |||
| 4 | Financial services | 7.7% | 47 | Utilities | 4.5% | |||
| 5 | Technology | 7.6% | 48 | Automotive: Manufacturing | 4.0% | |||
| Immediate Eligibility | ||||||||
| Top | Bottom | |||||||
| 1 | Education: K–12, preschool | 76.6% | 44 | Hotels/Gaming | 3.5% | |||
| 2 | Religious/Social svcs | 48.0% | 45 | Aerospace/Defense | 0.0% | |||
| 3 | Education: Higher ed | 46.1% | 46 | Pharmaceuticals | 0.0% | |||
| 4 | Oil & gas/Energy | 45.0% | 47 | Restaurants/Food service | 0.0% | |||
| 5 | Govt: County/State/Federal | 41.6% | 48 | Automotive: Manufacturing | 0.0% | |||