| Plan name | American Society of Association Executives 401(k) Plan |
|
Location
|
Washington, D.C.
|
|
Asset size
|
$33.1MM
|
| Participants
|
100 – 499
|
|
Industry
|
Nonprofit Organization
|
|
Participation rate
|
94%
|
|
Average deferral rate
|
9.3%
|
|
# of funds offered
|
18
|
|
Investment review
|
Annually
|
|
True-up match
|
No
|
|
Match vesting period
|
Immediately upon enrollment
|
|
Eligibility
|
First day of the quarter after 6 months
|
|
Default deferral rate
|
6%
|
|
Default investment
|
Institutional Target-date Fund (Active or Indexed)
|
|
Automatic escalation
|
Opt-in
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
Yes
|
|
|
|
|
Match rate
|
100% on the first 4% of salary deferrals, then 50% on the next 2%.
|
|
% receiving full match
|
>75%
|
|
Maximum employer contribution
|
12%
|
|
|
|
|
Financial education:
|
|
|
Saving/Budgeting
|
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
Yes
|
|
Credit/Debt management
|
Yes
|
|
Tax/Estate planning
|
Yes
|
|
Retiree health costs/savings options
|
Yes
|
|
|
|
|
Recordkeeper
|
Empower Retirement
|
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