Association of International Certified Professional Accountants

Plan nameThe Association of International Certified Professional Accountants 401(k) Retirement Plan
Location Durham, North Carolina
Asset size $160.8MM
Participants 812
Industry Industry Association
Participation rate 98%
Average deferral rate 9.3%
# of funds offered 15
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 6%
Default investment Retail Target-date Fund (Active Management)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Yes
Match rate 100% on the first 2% of salary deferrals, then 50% on the next 4%
% receiving full match 50% – 75%
Maximum employer contribution 6.75%
Financial education:
Saving/Budgeting Yes
Investing strategies
College saving
Credit/Debt management Yes
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Charles Schwab
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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