SuperRatings is a ratings, research and consultancy company that specialises in analysing superannuation funds, their investment returns, their fees and the relative benefits they offer to their members. The Accumulation Net Benefit model, prepared by SuperRatings, calculates the variance in earnings and fees between Hostplus and other super funds over different time periods.
Sample Set: The sample set used in the modelling contains Hostplus’ balanced investment option, not-for-profit funds, and the retail super funds which are actively tracked by SuperRatings, including superannuation investment products that are open and those that are closed to new members but continue to hold assets.
As at 30 June 2023, the number of not-for-profit super products and all super products included in the sample set1 for each comparison period is:
|Timeframe||1 Yr||3 Yr||5 Yr||7 Yr||10 Yr||15 Yr|
|All super products||400||317||282||248||192||106|
1. Data extract from SMART 2.0 SuperRatings model on 16 October 2023.
3.5% per annum.
Performance (Net Benefit) modelling is based on actual reported returns over the stated period.
When are investment returns credited to members’ accounts?
Superannuation Guarantee Contribution
The Superannuation Guarantee rate used for each year's calculation is in accordance with the Superannuation Guarantee (Administration) Act. The modelling assumes no salary sacrifice or voluntary contributions.
When are contributions assumed to be made?
Quarterly in arrears (i.e. the first contribution is made 3 months after joining the fund)
When are fees assumed to be deducted?
A tax rebate of 15% is assumed on dollar member fees deducted from members’ accumulation accounts in the SuperRatings’ model. Hostplus does not apply the tax rebate.
Employer asset size
Members’ accumulation accounts are assumed to be in a ’small’ employer size of $150,000 in funds under management (FUM) at the start of calculation.
2.5% per annum
All fee information is taken from the sample funds’ product disclosure statements or other formal disclosures at the end of each year in the calculation. Fees deducted from the Fund’s administration reserve, contribution fees, entry fees, additional adviser fees or any other fees charged are excluded from this model.
No deductions are made for insurance premiums.
As at 16 October 2023