2018 Best In Class – Mercersburg Academy 401(k) Plan

Plan Name Mercersburg Academy 401(k) Plan
Location Mercersburg, PA
Asset Size $38.7MM
Number of Participants 285
Business Education: 9-12 (Private)
Participation rate 98.0%
Avg. deferral rate 9.0%
No. of funds offered 21
Investment Review Annually
True-up feature Yes
Match Vesting Period Immediate
Eligibility Immediate
Default deferral rate 5.0%
Default investment Retail Target-Date Fund (Active Management)
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization Not reported
Match Rate >100% of first 6% of salary
% receiving full match 95% or more
Max Employer Contribution 11.0%
   
Financial education:  
Saving/budgeting  
Investing strategies  
College saving  
Credit/debt mgt  
Tax/estate planning  
Retiree health costs/savings options Yes
   
Recordkeeper T. Rowe Price

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