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54th Annual Survey Table of Contents

Respondent Demographics

1. Respondents by plan size and plan type
2. Respondents by total plan assets and plan type
3. Respondents by industry and plan size
4. Percentage of companies offering defined benefit plans and retiree health plans to essentially the same group of employees as the plan reported
5. Type of defined benefit plan offered by companies offering defined benefit plans to essentially the same group of employees as the plan reported

Employee Eligibility 

6. Employees eligible to participate in plans as a percentage of companies’ total U.S. employees
7. Union worker eligibility by plan size
8. Types of employees eligible to participate in the plan by employee group and plan type
9. Employee groups eligible to participate in plan (for plans that limit eligibility) for companies that employ those types of employees by plan type
10. Service requirements for employees to be eligible to make contributions to the plan by company size
11. Service requirements for eligibility to receive matching company contributions (when matching contributions are made) by company size
12. Service requirements for eligibility to receive non-matching company contributions (when non-matching contributions are made) by company size
13. Minimum age requirements for eligibility by contribution type

Participant Contrbutions

14. Plans permitting participant contributions by tax basis and plan size
15. Percentage of eligible employees with an account balance
16. Percentage of eligible employees with an account balance by industry and plan type
17. Percentage of eligible employees that made contributions to the plan in 2010, when permitted, by plan size
18. Percentage of eligible employees that made contributions to the plan in 2010, when permitted, by industry
19. Percentage of eligible employees that made contributions to the plan, when permitted, by company matching formula 
20. Average percentage of terminated vested employees with a plan balance (as a percentage of total participants)
21. Average years of participation by participants who retired during the last plan year 
22. Average years of participation by participants who retired during the last plan year, 1991-2010
23. Average percentage of salary deferral for ADP-ACP test results
24.  Average percentage of pre-tax salary deferral among non-highly compensated participants, 1991-2010
25. Average percentage of salary deferred (pre- and after-tax) for all active participants
26. Average account balance for active and terminated vested participants
27. Percentage of Plans Permitting Roth 401(k) Deferrals
28. Percentage of contributing participants who made Roth 401(k) contributions (when Roth is offered)
29. Percentage of plans permitting catch-up contributions to participants age 50 and older
30. Percentage of plans matching catch-up contributions (when catch-ups are permitted)
31. Percentage of participants age 50 and older who made catch-up contributions (when permitted)
32. Percentage of plans accepting rollovers from other plans
33. Permitted rollover sources
34. Point at which plans accept rollovers (for plans permitting elective employee deferrals)
35. Average and median Section 415 percentage limits

Company Contributions

36. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and plan year
37. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and plan size
38. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and industry
39. Company contributions as a percentage of total net profit by plan type and plan size
40. Company contributions as a percentage of total net profit by industry
41. Plan design methods used to determine company contributions for 401(k) and combination plans
42. Methods used to determine company contribution for profit sharing plans
43.  Percentage of companies that made contributions when provided for in the plan by types of contributions offered and plan size 
44.  Type of matching formula used by plans with company matches
45. Matching formulas used in plans with fixed matches
46. Matching formulas used in plans with fixed matches by industry type
47. Average matching contributions and percentage of pay matched
48. Type of safe harbor plan design used in plans with a safe harbor match by size
49. Definition of compensation by plan size
50. Frequency of non-matching company contributions
51. Frequency of non-matching company contributions 2001-2010
52. Frequency of matching company contributions
53.  Frequency of matching company contributions 2001-2010
54.  Percentage of companies making true-up matches (for plans in which matches are not made annually)
55. Vesting schedules by plan size and contribution type

Asset Investment

56. Percentage of plans that have the same fund options available for participant and company contributions for plans that offer both
57. Number of investment funds available for company contributions by plan size 
58. Number of investment funds available for participant contributions by plan size 
59.  Average number of investment fund options by plan size 
60. Average number of investment fund options by year 1998-2010
61. Percentage of plans that added or deleted asset classes in 2010
62. Investment funds available in the plan by plan size 
63. Investment structure by fund type and structure in plans with fewer than 4,999 participants
64. Investment structure by fund type and structure in plans with 5,000 or more participants
65. Investment structure by fund type and structure for all plans
66. Percentage of the 691 billion in total plan assets invested by fund type and plan size
67. Average asset allocation of plans
68. Type of target-date fund used by companies offering them 
69. Percentage of plans offering a professionally managed alternative
70. Parties paying for professionally managed alternative, if offered 
71. Types of participants who pay for professionally managed alternative, if professionally managed alternative is offered and if participants pay 
72. Percentage of plans offering a professionally managed alternative in which the manager is limited to the funds available for participant direction
73. Investment fund rates of return comparison 2004 – 2010

Investment Allocation and Monitoring

74. Parties determining how contributions are distributed to investment funds
75. Parties determining how contributions are distributed to investment funds in plans with fewer than 50 participants
76. Frequency with which participants may initiate fund transfers
77. Percentage of plans in which fund transfers are limited
78. Factors that limit fund transfers
79. Frequency participant accounts are valued
80. Percentage of plans restricted to investment options managed by their recordkeeper
81. Primary Plan recordkeeper by plan size
82. Method of trusteeship by plan size
83. Percentage of plans reporting having an investment policy statement
84. Percentage of plans reporting having an investment policy statement, 1999-2010
85. Investment monitoring frequency
86. Percentage of plans that retain an independent investment advisor to assist with fiduciary responsibility (separate from recordkeeper)
87. Payment of the independent investment advisor for those companies that retain one

Company Stock

88. Percentage of companies that offer company stock as an investment option by plan size
89. Average and median percentages of total plan assets invested in company stock for plans that offer company stock funds by plan type
90. Average and median percentages of total plan assets invested in company stock for plans that offer company stock funds by plan size
91. Percentage of total plan assets invested in company stock for plans that offer company stock funds 2000-2010
92.  Percentage of plans that limit the amount of assets that can be invested in company stock
93. Percentage of plans with company stock and matching company contributions that make matching contributions in company stock by plan type
94. Percentage of plans with company stock and matching company contributions that make matching contributions in company stock by plan size
95. Percentage of plans taking a dividend deduction, when company stock is offered

Investment Advice

96. Percentage plans offering investment advice
97. Type of investment advice offered by plans offering investment advice
98. Average Percentage of participants who utilize investment advice when advice is offered
99. Type of investment advice used most used when more than one type is offered
100. Percentage of participants who utilize the most frequently used type of advice 
101. Payer of investment advice by plan size 
102. Types of participants who pay for investment advice, when investment advice is offered and participants pay
103. Percentage of plans in which the investment advisor is limited to funds available for participant direction

Automatic Enrollment

104. Percentage of plans with automatic enrollment by plan type
105. Percentage of plans with automatic enrollment by plan size
106. Default deferral percentage in plans with automatic enrollment
107. Default investment option for automatic deferrals
108. Percentage of plans with automatic enrollment that currently have a frozen default option by plan size
109. Percentage of automatic enrollment plans that automatically increase default deferrals
110. Basis for increasing default deferrals 
111. Cap on automatic increases for plans that automatically increase deferrals over time by plan size

Loans

112. Plans permitting participant loans by plan type and plan size  
113. Average and median loan interest rate
114. Percentage of plans permitting multiple loans
115. Number of loans allowed in plans permitting multiple loans
116. Minimum loan amount requirements
117. Types of loan fees charged to participants
118. Average and median loan fees charged to borrowers
119. Plan loan usage comparison 2002 – 2010, for plans permitting loans

Distributions and Withdrawals

120. Percentage of plans permitting hardship withdrawals
121. Reasons for permitting hardship withdrawals
122. Average percentage of participants taking a hardship withdrawal, when permitted
123. Processing of hardship withdrawals
124. Percentage of plans permitting in-service distributions (excluding hardship withdrawals)
125. Age at which in-service distributions (non-hardship) are permitted
126. Pre-retirement distribution options offered
127. Retirement distribution options offered
128. Percentage of plans providing education to participants taking a distribution by type of distribution

Participant Education and Communication 

129. Purposes for providing plan education to employees
130. Primary purpose for providing plan education to employees
131. Provider of retirement planning education, when offered, by plan size
132. Type of education materials used to accomplish educational goals 

Plan Expenses

133. Payer of plan expenses for all plans
134. Payer of plan expenses in plans with 5,000 or more participants
135. Percentage of plans requiring terminated vested participants to pay plan expenses on a different basis than their employed counterparts
136. Methods by which companies receive plan fee information by plan size
137. Information used by the plan sponsor in evaluating plan fees by plan size
138. Percentage of plans that use an ERISA bucket (EBA (Expense Budget Account) or PERA (Plan Expense Reimbursement Account)) by plan size
139. Frequency that plan-paid fees are evaluated by plan size

Plan Administration Practices

140. 401(k) average deferral percentage (ADP) non-discrimination test results
141. Percentage of plans that are top heavy
142. Percentage of companies providing non-qualified supplements
143. Contribution factors other than earnings
144. Percentage of companies providing services via sponsor benefits staff
145. Percentage of companies providing services via vendor benefit centers
146. Percentage of companies providing services via the Internet
147. Forfeiture allocation policies for companies with forfeitures by plan type and plan size
148. Participant behaviors that companies monitor 
149. Percentage of companies that took action based on what they learned from monitored participant behaviors

 

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