Global Aerospace Inc.

Plan name The Capital Accumulation Plan of Global Aerospace Inc.
Location Parsippany, New Jersey
Asset size $61.6MM
Participants 230
Industry Insurance/Reinsurance
Participation rate 99%
Average deferral rate 9.8%
# of funds offered 15
Investment review Annually
True-up match No
Match vesting period Immediately upon enrollment
Eligibility Within 3 months of employment
Default deferral rate 4%
Default investment Institutional Target-date Fund (Active or Indexed)
Auto-escalation Opt-out
Systematic withdrawals Yes
Fee equalization No
Match rate 100% on the first 4% of salary deferrals
% receiving full match >80%
Maximum employer contribution 10% or 12%, depending on tenure
Financial education:
Saving/budgeting
Investing strategies
College saving
Credit/debt mgt
Tax/estate planning
Retiree health costs/savings options
Recordkeeper Vanguard
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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