RESEARCH |
2020
PLANADVISER Micro Plan Survey
Micro plans have much to gain from adviser help with fiduciary matters
Reported by PLANADVISER
Industry Data
Top and Bottom 5 Industries for Micro Plans
| Top and Bottom 5 Industries for Micro Plans1, in Terms of ... |
||||||||
|---|---|---|---|---|---|---|---|---|
| Average Participation Rate | ||||||||
| Top | Bottom | |||||||
| 1 | Govt: City/Municipal | 100.0% | 44 | Education: K-12, Preschool | 59.8% | |||
| 2 | Insurance/Reinsurance | 93.2% | 45 | Transportation/Airlines | 59.3% | |||
| 3 | Utilities | 92.5% | 46 | Automotive: Manufacturing | 58.5% | |||
| 4 | Fortune 1000 | 85.8% | 47 | Restaurants/Food Service | 58.4% | |||
| 5 | Research/Development | 85.7% | 48 | Auto: Dealerships/Service | 50.9% | |||
| Average Account Balance | ||||||||
| Top | Bottom | |||||||
| 1 | Utilities | $170,322 | 44 | Non-Profit Orgs | $45,015 | |||
| 2 | Law Firms | $138,364 | 45 | Telecommunications | $39,988 | |||
| 3 | Financial Services | $122,575 | 46 | Religious/Social Services | $38,830 | |||
| 4 | Insurance/Reinsurance | $115,256 | 47 | Auto: Manufacturing | $29,795 | |||
| 5 | Consulting | $115,103 | 48 | Restaurants/Food Service | $28,543 | |||
| Average Deferral Rate | ||||||||
| Top | Bottom | |||||||
| 1 | Chemicals/Mining | 10.3% | 44 | Telecommunications | 5.3% | |||
| 2 | Membership | 9.2% | 45 | Equipment Sales | 5.0% | |||
| 3 | Utilities | 9.1% | 46 | Holding Co's/Inv Banking | 5.0% | |||
| 4 | Law Firms | 8.6% | 47 | Auto: Dealerships/Service | 4.8% | |||
| 5 | Education: Higher Ed | 8.5% | 48 | Agriculture | 4.1% | |||
| Immediate Eligibility | ||||||||
| Top | Bottom | |||||||
| 1 | Healthcare (not for profit) | 70.5% | 44 | Hotels/Gaming | 4.1% | |||
| 2 | Education: K-12, Preschool | 60.8% | 45 | Membership | 4.0% | |||
| 3 | Religious/Social Services | 56.2% | 46 | Manufacturing: Consumer | 2.6% | |||
| 4 | Education: Higher Ed | 50.0% | 47 | Restaurants/Food service | 0.0% | |||
| 5 | Govt: County/State/Federal | 50.0% | 48 | Agriculture | 0.0% | |||
| 1Rankings are limited to those industries that met established quotas. | ||||||||