Hostplus Super Review | Performance, Features and Fees

Hostplus Super is a popular superannuation fund in Australia, with over 1 million members and $20 billion in funds under management. It's one of the largest industry super funds in the country.

Hostplus Super is known for its competitive fees and high performing investment options. The fund offers a range of investment options, including a Balanced option that has consistently outperformed the industry average.

Hostplus Super's fees are relatively low, with administration fees starting at 0.25% and management fees ranging from 0.15% to 0.30%. This is significantly lower than many other super funds in Australia.

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The Hostplus app is designed to be easy to use, with a clean and simple design that makes navigation effortless.

The app performs smoothly, allowing you to quickly find the information you need.

You can easily track your super balance, contributions, and performance with no issues.

The Hostplus iOS app is a standout feature for managing your super fund on the go. The app's user-friendly interface makes navigation effortless, allowing you to easily track your super balance.

The Account Activity Bar Chart is a game-changer, providing a clear and insightful breakdown of your balance. This feature is a standout, making it easy to see how your balance has changed over time.

The app's responsiveness on iOS devices is commendable, ensuring a smooth experience. The clean, simple design of the app makes it easy to find the information you need quickly.

The app has truly enhanced the super management experience, making it a must-try for Hostplus Fund members.

The Conservative Balanced Growth Asset is a key feature of a solid investment strategy. It's composed of 56% growth assets.

This investment category is known as Balanced, indicating a mix of growth and income-generating assets. It's a great option for those looking for a stable return.

A Conservative investment approach is also part of this asset, which suggests a cautious and risk-averse strategy. This is reflected in the asset's overall composition.

If you're considering this asset, it's worth noting that it's a balanced approach to investing, making it a good starting point for many people.

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Hostplus is an industry fund, specifically designed for the hospitality industry. However, membership isn't limited to just hospitality workers - anyone can join.

As an industry fund, Hostplus has a strong focus on the needs of its members, who are predominantly from the hospitality industry.

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Hostplus offers several pension options to help you plan for your retirement. You can choose from TTR pension investment options, which provide a flexible way to transition into retirement.

If you're looking for more control over your super, Hostplus offers single sector pension investment options with different fees and costs. For example, one option has an admin fee of $234, an admin fee of 0.02%, and investment fees and costs of 0.62%.

Here are some key features of Hostplus's single sector pension investment options:

If you're comfortable with managing your super yourself, Hostplus's Choiceplus option allows you to make direct investments in individual shares and ETFs. However, you'll need to meet certain requirements, such as having at least $10,000 in your Hostplus balance.

If you're looking for a transition-to-retirement (TTR) pension, Hostplus offers this option. You can invest in a TTR pension with Hostplus.

Hostplus also offers a range of investment options to suit your needs, including pre-mixed portfolios and single sector options. You can choose from a range of ready-made diversified investment portfolios or build your own portfolio with the single sector options.

Here are some of the key features of Hostplus's pre-mixed investment portfolios:

You can also choose from a range of single sector options, including cash, diversified fixed interest, Australian shares, and international shares.

If you want to take a more hands-on approach with your super, the Choiceplus option is worth considering. This option allows you to make direct investments in individual shares and ETFs yourself.

To use Choiceplus, you'll need to have at least $10,000 in your Hostplus balance. This is a significant requirement, so make sure you have a solid understanding of your financial situation before committing.

You'll also need to maintain a balance of at least $2,000 in one of the other pre-mixed or single sector options. This ensures that you're spreading your risk and getting a well-rounded investment portfolio.

In addition to these requirements, you'll need to keep a minimum balance of $200 in your Choiceplus account. This is a relatively small amount, but it's still an important consideration.

Here are the key requirements for using Choiceplus:

Hostplus offers a variety of investment options to suit different risk profiles and goals. You can choose from a range of pre-mixed investment portfolios or build your own portfolio with single sector options.

The pre-mixed investment portfolios are designed to be easy to use, with a range of ready-made diversified investment portfolios to choose from. Each portfolio offers a different mix of high-risk growth assets and low-risk defensive assets, carrying a different risk level.

The Balanced option is the default choice, investing in more growth assets and aiming to deliver consistent, high returns over the long term. It has a medium to high risk level and a benchmark asset allocation of 76% growth assets and 24% defensive assets.

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If you prefer a lower risk option, the Capital Stable portfolio is a good choice, offering more reliable returns with a low to medium risk level and a benchmark asset allocation of 38% growth assets and 62% defensive assets.

You can also create your own portfolio using a mix of single asset class options, such as cash, diversified fixed interest, Australian shares, and international shares. These options have different risk levels, ranging from very low to very high.

Here's a summary of the single sector investment options:

Hostplus also offers a transition-to-retirement (TTR) pension investment option, allowing you to access your superannuation while still working.

Hostplus Fees can be higher than the median for some investment options. Fees for Hostplus' MySuper – Balanced investment option are above the median of investment options of the same risk category.

You can expect to pay a flat fee of $115.26, a percentage-based fee of 0.47%, or a total fee of $350.26 on a balance of $50,000 for the Hostplus - Australian Shares investment option.

Here's a breakdown of the fees for two of Hostplus' investment options:

Insurance with Hostplus can cost around $6.93 per week for a standard level of Death and TPD cover for a member aged 31-35.

Joining Hostplus offers numerous benefits that can help you achieve your financial goals. One of the top-performing growth funds over the past decade is Hostplus Balanced, making it a great option for long-term investors.

Hostplus is an industry super fund, which means it's run to benefit members rather than shareholders, ensuring that your interests are prioritized.

You don't have to work in the hospitality, tourism, or sporting sector to join Hostplus – anyone can join, making it a great option for those who want to consolidate their super or start fresh.

With Hostplus, you can choose from a wide range of investment options, including lifestage funds, pre-mixed portfolios, and single asset class options.

If you're looking for socially responsible investments, Hostplus offers three options that invest in companies with a positive social and environmental impact.

One of the perks of joining Hostplus is that you'll receive automatic death and total permanent disablement (TPD) cover, giving you and your loved ones peace of mind.

Here are some of the key benefits of joining Hostplus:

If you've got a super balance over $50,000, you'll want to know how much you'll be paying in fees. The table below shows the fees for balances between $50,000 and $1 million.

These fees are significantly higher than the fees for smaller balances, so it's essential to factor them into your investment decisions.

Fees can be a major consideration when choosing a superannuation fund, and Hostplus is no exception.

The fees for Hostplus vary depending on the investment option you choose. For example, the flat fee for Hostplus - Australian Shares is $115.26.

Hostplus also charges a percentage-based fee, which can range from 0.47% to 0.69% depending on the investment option.

If you have a larger super balance, the fees can add up quickly. For instance, the calculated fees on a $100,000 balance for Hostplus Balanced are $1,135.

Here's a breakdown of the calculated fees for different investment options and balance amounts:

Hostplus' performance across their main investment options generally compares favorably to the median performance of their risk categories. They offer a range of investment options, and you can check out their performance versus the relevant median by selecting an option from their menu.

Hostplus' customer reviews are mixed, with a rating of 1.3 out of 5 stars from 28 customer reviews on Review My Super. This suggests that some customers have had a negative experience with the fund.

According to Finder's 2024 Customer Satisfaction Awards, Australians have high praise for Hostplus, with an overall customer satisfaction score of 4.46 out of 5. This is higher than the average score of 4.06, and they also scored the highest in the category for customer service and trust.

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Hostplus' performance is a key aspect to consider when evaluating their super fund. Their performance across other main investment options generally compares favorably to the median performance of their risk categories.

Hostplus' investment options are a crucial part of their overall performance. Selecting the right option can make a significant difference in your retirement savings.

Hostplus offers a range of investment options, each with its own unique characteristics. You can check out their performance versus the relevant median by selecting an investment option from their menu.

If you're interested in a more in-depth analysis of Hostplus' performance, you can check out their dedicated section. It provides a detailed look at their performance metrics.

For a broader comparison, you can also check out how Hostplus compares to AustralianSuper, the biggest super fund in Australia.

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Evaluating a super fund can be a daunting task, but it's essential to find the right one for your needs.

The performance of a super fund can vary compared to the median option, as seen in Hostplus' generally favourable performance.

Fees for super fund options can be mixed, with some being more expensive than others of the same risk category.

It's best to seek advice from a qualified adviser to determine which super fund is the best fit for you.

Your individual risk profile and preferences will play a significant role in determining the suitability of a super fund.

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Hostplus has received a mixed bag of reviews from customers. According to Review My Super, they have a rating of 1.3 out of 5 stars based on 28 customer reviews.

Hostplus has also received high ratings for customer satisfaction, trust, and customer service. In the Finder's 2024 Customer Satisfaction Awards, they scored 4.46/5 for customer satisfaction, which is higher than the average of 4.06.

Their trust score was even higher, at 4.64/5, beating the average of 4.45. Additionally, they received a customer service score of 4.49/5, which is higher than the average of 4.07 and the highest score in the category.

Some customers have had a positive experience with Hostplus, finding the onboarding process simple and appreciating the ability to consolidate multiple super funds within their platform.

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At Hostplus, you'll find a range of awards and protection options to suit your needs. Members are offered Death, TPD and Income protection as part of their coverage.

You can opt for default cover, which provides a certain amount of death and TPD depending on your age. The benefit value of each unit changes as you get older, but you can also apply for fixed cover if you prefer.

Income protection must be applied for separately, but it's an important consideration for your financial security. Insurance is provided by MetLife Insurance Limited, giving you peace of mind.

The TPD cover has a limit of $5 million, while there's no limit on death cover.

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Having the right information is crucial when it comes to understanding Awards and Protection.

The Hostplus ABN number is 68657495890.

A key part of this is knowing how to find and use your ABN correctly.

Your ABN is a unique 11-digit number that identifies your business for tax purposes.

It's essential to keep your ABN up to date and accurate to avoid any potential issues.

Hostplus has won several awards in recent years. One of these awards is not specified in the provided article section facts.

Hostplus is a notable recipient of awards, as seen in the example.

When it comes to protecting yourself and your loved ones, having the right insurance in place is crucial. Hostplus offers a range of insurance options to help you do just that.

Hostplus provides life insurance, also known as death cover, which can give you peace of mind knowing that your loved ones will be taken care of if the worst happens.

You can also opt for total and permanent disablement (TPD) cover, which can provide a financial safety net if you're unable to work due to illness or injury.

Income protection cover is also available, but you'll need to apply for it separately.

Hostplus offers a default amount of death and TPD cover, depending on your age, but you can also choose to apply for fixed cover, where the premium changes as you get older.

The good news is that there's no limit on death cover, but there is a limit of $5 million for TPD cover.

Here are the types of insurance offered by Hostplus:

Hostplus is structured as an industry super fund, with Host-Plus Pty. Limited as its RSE licensee. This means it's open to the general public and operates on a not-for-profit basis.

The fund's expenses ratio is 0.2%, which is significantly lower than the average of 0.49%. This suggests that Hostplus is very efficient in its operations.

Hostplus has a board of directors that is comprised of 7 males and 4 females, with the females making up 36% of the board. This is slightly below the average of 40.7% female representation on trustee boards.

Here are some key statistics about the fund's administration:

The total remuneration of the directors on the trustee board is $1,537,000, with an average remuneration of $140,000 per director.

A Unique Superannuation Identifier (USI) is a must-have for your super fund. It ensures that you or your employer knows you're paying super contributions into the right fund.

A USI is a 11-character code that helps identify your super fund. You can find your USI on your super fund's documentation.

Hostplus has multiple USI numbers for its different super funds. For example, the HOSTPLUS Superannuation Fund – Basic has a USI of 68657495890003.

Here are the USI numbers for Hostplus' different super funds:

You can add insurance with Hostplus Super as soon as you join the fund, and you'll automatically be eligible for the default insurance cover unless you're in an excluded occupation or have a pre-existing condition.

You'll receive a standard unitised level of cover, which is an amount of cover based on your age.

If you'd prefer, you can choose to switch to a defined benefit limit level of cover instead.

You can also add specific life events cover for different stages of your life, such as starting a family.

You can increase, reduce or cancel your cover altogether at any time after joining Hostplus.

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Hostplus is a public offer super fund, meaning it's open to the general public. Host-Plus Pty. Limited is the fund's RSE licensee.

The fund is structured as an industry fund, which means it's designed for workers in a specific industry. Hostplus is a not-for-profit organization, with no intention of making a profit.

The RSE licensee has a board structure that involves a nominating organization, which suggests a level of representation and oversight. The RSE licensee balance date is June 30, 2024.

One way to gauge the efficiency of a super fund is to look at its operating expenses ratio. In Hostplus's case, this ratio is 0.2%, which is significantly lower than the average of 0.49%.

Here's a breakdown of the RSE licensee's board composition:

The total remuneration of directors on the trustee board is $1,537,000, which is significantly higher than the average of $743,412. On average, each director receives $140,000 in remuneration, which is also higher than the average of $102,069.

If you need to get in touch with our administration team, you can reach out to them via email at [[email protected]](mailto:[email protected]).

Our office hours are Monday through Friday, 9am to 5pm.