Industry Data
Automatic Features
Automatic Features
Auto-Enrollment Default Deferral Rate
![Adviser Use Among Plans](https://s3.amazonaws.com/si-interactive/prod/planadviser-com/wp-content/uploads/2018/01/25114341/PAJF18_MicroPlan_Charts_JPEGS5.jpg)
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
![Re-Enrollment Actions Taken in Past 12 – 18 Months](https://s3.amazonaws.com/si-interactive/prod/planadviser-com/wp-content/uploads/2018/01/25114342/PAJF18_MicroPlan_Charts_JPEGS6.jpg)
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% |