Fullsight, LLC

FINALIST

Elizabeth Jones
Senior Manager, Human Resources Operations

Location:

Warrendale, Pennsylvania
Industry:

Nonprofit
Plan(s) Offered:

401(k); 457(b); 457(f); defined benefit
Plan Assets:

401(k) – $109.1M; DB – $48M
Number of Participants:

401(k), 579; DB, 197
DC Plan Participation Rate:

94.7%
DC Plan Average Deferral Rate:

9.1%
Automatic Enrollment:

Yes
Automatic Escalation:

No
Default Deferral Rate for Auto-Enrollment:

6%
Default Investment Fund:

RetirePilot Moderate funds (based on year of retirement)
DC Plan Employer Contribution:

100% of 6% + up to 4% discretionary
Recordkeeper:

Principal Financial Group
Plan Adviser:

Henderson Brothers
Financial Wellness Educator(s):

Henderson Brothers

Fullsight, a shared services group delivering human resource, IT, legal, customer success, financial and procurement services globally, completed the termination of its frozen pension plan last year while keeping forward momentum on its 401(k). A thorough target-date suite evaluation led to the adoption of a new a multi-glide-path fund that offers optional aggressive or conservative paths for participants whose risk profiles differ and provides cost savings. Fullsight transitioned from an unbundled third-party administrator arrangement to a fully bundled structure with its recordkeeper, streamlining once manual processes. The nonprofit also delivered comprehensive retirement readiness education that bridged financial, medical and lifestyle considerations.

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