Plan name | The 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
|