RESEARCH |
2020
PLANADVISER Micro Plan Survey
Micro plans have much to gain from adviser help with fiduciary matters
Reported by PLANADVISER
Industry Data
Survey Profile
| Type(s) of DC Plan(s) Offered | |||
|---|---|---|---|
| All Plans | <$1MM | $1MM–$5MM | |
| 401(k) | 88% | 91% | 93% |
| Profit sharing | 18% | 12% | 16% |
| 403(b) | 11% | 6% | 7% |
| 457 | 10% | 5% | 5% |
| Nonqualified deferred compensation (NQDC) | 10% | 1% | 2% |
| ESOP2/KSOP3 | 3% | 0% | 1% |
| Money purchase | 2% | 1% | 2% |
| SIMPLE4 IRA | 1% | 2% | 1% |
| SEP5 | 0% | 1% | 0% |
| Other | 3% | 2% | 2% |
|
2Employee stock ownership plan. 3A combination ESOP and 401(k)plan. 4Savings incentive match plan for employees individual retirement plan. 5Simplified employee pension. |
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