GESB Super vs Hostplus – These are two well known super funds – but do you know how they differ, or which could be the better fit for you? To make it easy, we’ve compared the key features of both funds side by side.
Hostplus is an Industry super fund and is linked to Hospitality industry. It is a fund with Open membership.
GESB Super is a Government super fund and is linked to current and former WA public sector employees. It is a fund with Closed membership.
GESB Super vs Hostplus: How do fees compare?
When comparing GESB Super and Hostplus, GESB Super has annual percentage based fees, with a 0.63% investment based fee, compared to Hostplus’s percentage based fees of 1.01% GESB Super has a flat fee of 66, while Hostplus has a flat fee of 78.
GESB Super vs Hostplus: How does performance compare?
|Type of fund||Government fund linked to current and former WA public sector employees.||Industry fund linked to Hospitality industry.|
|Default Fees (Based on 50K)||$381||$583|
|Asset Allocation (MySuper option)||GESB Super - My GESB Super Plan:
International Shares - 31%
Australian Shares - 25.5%
Alternative - 22.5%
|Hostplus - Balanced :
International Shares - 21%
Australian Shares - 21%
Alternative - 32%
|Performance (MySuper option)*||GESB Super - My GESB Super Plan:
1 Year: 7.21%
3 Year: 6.72%
5 Year: 5.17%
|Hostplus - Balanced :
1 Year: 8.08%
3 Year: 9.69%
5 Year: 6.88%
|Product Disclosure Statement||GESB Super Product Disclosure Statement||Hostplus Product Disclosure Statement|
For a more comprehensive breakdown of perfomance see our GESB Super Performance and Hostplus Performance pages.
*Performance as at 31-08-2023.
How does GESB Super and Hostplus insurance compare?
Insurance is also an important factor to consider when looking at superannuation options, as some funds may also provide insurance cover – such as life cover and TPD insurance. Insurance fees will affect super balance, so ensuring you’re happy with the deal you have is vital. Based on ratings from Omnilife, GESB Super received an insurance rating of 61, whilst Hostplus received a 67 for its insurance options.
Interested in seeing how GESB Super and Hostplus compared to other popular super funds? Review My Super provides valuable insights on the best and worst performing super funds, so that you can make informed decisions on where you invest your money.
Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU!