Choosing a default fund for your business is a big decision. After all, you’re choosing where your employees’ super will be managed. It’s important to make an informed decision.
In a nutshell, your default fund is the fund into which you pay your employees’ Super Guarantee (SG) contributions if they don’t already have a fund of their own.
If you’re in an industry with a Modern Award1 , there will be a default fund specified for you in that award. If you’re not sure, do a quick check with the Industry Super's Default Fund Finder to find the industry fund/s listed in your industry's Modern Award.
It’s possible Hostplus may even be a specified fund for the award or agreement your employees are covered by. If you do need to choose a default fund, partnering with Hostplus as your default fund is straightforward.
Steps to make Hostplus your default fund.