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Plan name
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The Capital Accumulation Plan of Global Aerospace Inc.
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Location
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Parsippany, New Jersey
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Asset size
|
$61.6MM
|
|
Participants
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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
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Immediately upon enrollment
|
|
Eligibility
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Within 3 months of employment
|
|
Default deferral rate
|
4%
|
|
Default investment
|
Institutional Target-date Fund (Active or Indexed)
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|
Auto-escalation
|
Opt-out
|
|
Systematic withdrawals
|
Yes
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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:
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|
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Saving/budgeting
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|
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Investing strategies
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College saving
|
|
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Credit/debt mgt
|
|
|
Tax/estate planning
|
|
|
Retiree health costs/savings options
|
|
|
|
|
|
Recordkeeper
|
Vanguard
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