American Society of Association Executives

Plan nameAmerican Society of Association Executives 401(k) Plan
Location Washington, D.C.
Asset size $33.1MM
Participants 100 – 499
Industry Nonprofit Organization
Participation rate 94%
Average deferral rate 9.3%
# of funds offered 18
Investment review Annually
True-up match No
Match vesting period Immediately upon enrollment
Eligibility First day of the quarter after 6 months
Default deferral rate 6%
Default investment Institutional Target-date Fund (Active or Indexed)
Automatic escalation Opt-in
Systematic withdrawals Yes
Fee equalization Yes
Match rate 100% on the first 4% of salary deferrals, then 50% on the next 2%.
% receiving full match >75%
Maximum employer contribution 12%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management Yes
Tax/Estate planning Yes
Retiree health costs/savings options Yes
Recordkeeper Empower Retirement
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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