Quick Verdict
REST is cheaper at $50k ($348/yr vs $438/yr). both match on 10-year returns at 7.80%.
Fund Overview
Equip Super
| Type | Industry |
| Established | 1931 |
| Trustee | Togethr Trustees Pty Ltd |
| HQ State | VIC |
| Members | 100K |
| Assets (AUM) | $35B |
REST
| Type | Industry |
| Established | 1988 |
| Trustee | Retail Employees Superannuation Pty Limited |
| HQ State | NSW |
| Members | 2.0M |
| Assets (AUM) | $85B |
Fee Comparison
| Fee Component | Equip Super | REST |
|---|
| Admin Fee (flat) | $78 | $78 |
| Admin Fee (%) | 0.16% | 0.00% |
| Investment Fee | 0.50% | 0.48% |
| Indirect Cost Ratio | 0.06% | 0.06% |
| Buy/Sell Spread | 0.10% | 0.07% |
Total Annual Fee by Balance
| Balance | Equip Super | REST |
|---|
| $10,000 | $150 | $132 |
| $25,000 | $258 | $213 |
| $50,000 | $438 | $348 |
| $100,000 | $798 | $618 |
| $250,000 | $1,878 | $1,428 |
| $500,000 | $3,678 | $2,778 |
Performance Comparison
| Period | Equip Super | REST |
|---|
| 1-Year | 11.00% | 10.80% |
| 3-Year | 7.80% | 7.50% |
| 5-Year | 8.00% | 7.80% |
| 7-Year | 8.00% | 8.00% |
| 10-Year | 7.80% | 7.80% |
| FY2024 | 8.50% | 8.50% |
| FY2023 | 9.80% | 9.20% |
| FY2022 | -2.80% | -2.50% |
| FY2021 | 19.00% | 17.80% |
| FY2020 | -0.20% | -0.50% |
| FY2019 | 8.00% | 7.50% |
| FY2018 | 9.80% | 9.50% |
| FY2017 | 12.00% | 11.80% |
| FY2016 | 3.80% | 3.50% |
| FY2015 | 10.00% | 9.80% |
Insurance Comparison
Equip Super
| Insurer | AIA Australia |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
REST
| Insurer | AIA Australia |
| Death Cover | Yes — unitised, opt-out |
| TPD Cover | Yes — unitised, opt-out |
| IP Cover | Yes — opt-in |
Annual Premium Comparison by Age
| Age | Equip Super | REST |
|---|
| 25 | N/A | $110 |
| 30 | N/A | $190 |
| 35 | N/A | $320 |
| 40 | N/A | $490 |
| 45 | N/A | $770 |
| 50 | N/A | $1,180 |
| 55 | N/A | $1,750 |
| 60 | N/A | $2,500 |
APRA Heatmap Ratings
Equip Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
REST
| Fee Rating | Below median |
| Return Rating | Around median |
| Sustainability | Performing |
Investment Options
Equip Super
| Total Options | 9 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
REST
| Total Options | 10 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Member Services
Equip Super
| App Ratings | iOS 4.3 / Android 4.1 |
| Advice | Not specified |
| AFCA Complaints | 4.5 per 10k members |
| Call Centre | Not specified |
REST
| App Ratings | iOS 4.5 / Android 4.2 |
| Advice | Limited personal advice included |
| AFCA Complaints | 3.4 per 10k members |
| Call Centre | 8am-10pm AEST Mon-Fri, 9am-6pm Sat |
Verdict
On fees, REST is the more affordable option. At a $50,000 balance, REST costs $348 per year compared to $438 for Equip Super — a difference of $90 annually. That is a substantial gap that will compound significantly over decades.
Both funds have delivered identical 10-year returns of 7.80%, so the choice between them will come down to fees, insurance, and personal suitability rather than raw performance.
On insurance, Equip Super uses AIA Australia while REST is backed by AIA Australia. REST charges around $490/year for a 40-year-old's default cover. On member satisfaction, REST has fewer AFCA complaints at 3.4 per 10,000 members compared to 4.5 for the other.
Equip Super is best suited for miners energy workers, public sector workers, while REST targets retail workers, young australians. The two funds also serve different industries: Equip Super focuses on energy, rail, while REST targets retail, fast food. If your employer defaults to one of these funds, that alone may tip the decision.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a
DecisionLab publication.