Using LOD for Per-Poly collision doesn't work

When choosing LODs for per-poly collision the static mesh stops blocking actors in the level. I tested this on 4.13 preview 1 and it is still an issue. I used the 3dsMax workflow for this process https://forums.unrealengine.com/showthread.php?56777-Photons-Be-Free-Mini-tutorials-and-other-curiosities&p=227697&viewfull=1#post227697

1. Open blank project
2. Import static mesh with LODs (you can use attachment) (also see screenshot for import settings used)
3. In the static mesh settings set the collision to Complex as Simple
4. Then "LOD for Collision" set to 1
5. Drag asset into level and fly into it

RESULT
The mesh no longer has collision

EXPECTED
The mesh uses LOD1 for per-poly collision