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55th 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

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

Participant Contributions

  1. Plans permitting participant contributions by tax basis and plan size
  2. Percentage of eligible employees with an account balance
  3. Percentage of eligible employees with an account balance by industry and plan type
  4. Percentage of eligible employees that made contributions to the plan in 2011, when permitted, by plan size
  5. Percentage of eligible employees that made contributions to the plan in 2011, when permitted, by industry
  6. Percentage of eligible employees that made contributions to the plan, when permitted, by company matching formula 
  7. Average percentage of terminated vested employees with a plan balance (as a percentage of total participants)
  8. Average years of participation by participants who retired during the last plan year 
  9. Average years of participation by participants who retired during the last plan year, 1991-2011
  10. Average percentage of salary deferral for ADP-ACP test results
  11. Average percentage of pre-tax salary deferral among non-highly compensated participants, 1991-2011
  12. Average percentage of salary deferred (pre- and after-tax) for all active participants
  13. Average percentage of salary deferred (pre- and after-tax) for all active participants by industry
  14. Average account balance for active and terminated vested participants
  15. Percentage of plans permitting Roth 401(k) Deferrals
  16. Percentage of contributing participants who made Roth 401(k) contributions (when Roth is offered)
  17. Percentage of plans permitting catch-up contributions to participants age 50 and older
  18. Percentage of plans matching catch-up contributions (when catch-ups are permitted)
  19. Percentage of participants age 50 and older who made catch-up contributions (when permitted)
  20. Percentage of plans accepting rollovers from other plans
  21. Permitted rollover sources
  22. Point at which plans accept rollovers (for plans permitting elective employee deferrals)
  23. Average and median Section 415 percentage limits

Company Contributions

  1. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and plan year
  2. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and plan size
  3. Company contributions as a percentage of eligible participants’ total annual payroll by plan type and industry
  4. Company contributions as a percentage of total net profit by plan type and plan size
  5. Company contributions as a percentage of total net profit by industry
  6. Plan design methods used to determine company contributions for 401(k) and combination plans 
  7. Methods used to determine company contribution for profit sharing plans
  8. Percentage of companies that made contributions when provided for in the plan by types of contributions offered and plan size 
  9. Type of matching formula used by plans with company matches
  10. Matching formulas used in plans with fixed matches
  11. Matching formulas used in plans with fixed matches by industry type
  12. Average matching contribution and percentage of pay matched by industry type
  13. Type of safe harbor plan design used in plans with a safe harbor match by size
  14. Definition of compensation by plan size
  15. Frequency of non-matching company contributions
  16. Frequency of non-matching company contributions 2001-2011
  17. Frequency of matching company contributions
  18. Frequency of matching company contributions 2001-2011
  19. Percentage of companies making true-up matches (for plans in which matches are not made annually)
  20. Vesting schedules by plan size and contribution type

Asset Investment

  1. Percentage of plans that have the same fund options available for participant and company contributions for plans that offer both
  2. Number of investment funds available for company contributions by plan size 
  3. Number of investment funds available for participant contributions by plan size 
  4. Average number of investment fund options by plan size 
  5. Average number of investment fund options by year 1998-2011
  6. Percentage of plans that added or deleted asset classes in 2011
  7. Investment funds available in the plan by plan size 
  8. Investment structure by fund type and structure in plans with fewer than 4,999 participants
  9. Investment structure by fund type and structure in plans with 5,000 or more participants
  10. Investment structure by fund type and structure for all plans
  11. 68. Percentage of the 691 billion in total plan assets invested by fund type and plan size
  12. Average asset allocation of plans
  13. Type of target-date fund used by companies offering them 
  14. Percentage of plans offering a professionally managed alternative
  15. Parties paying for professionally managed alternative, if offered 
  16. Types of participants who pay for professionally managed alternative, if professionally managed alternative is offered and if participants pay 
  17. Percentage of plans offering a professionally managed alternative in which the manager is limited to the funds available for participant direction
  18. Investment fund rates of return comparison 2004 – 2011

Investment Allocation and Monitoring

  1. Parties determining how contributions are distributed to investment funds
  2. Parties determining how contributions are distributed to investment funds in plans with fewer than 50 participants
  3. Frequency with which participants may initiate fund transfers
  4. Percentage of plans in which fund transfers are limited
  5. Factors that limit fund transfers
  6. Frequency participant accounts are valued
  7. Percentage of plans restricted to investment options managed by their recordkeeper
  8. Primary Plan recordkeeper by plan size 
  9. Method of trusteeship by plan size
  10. Percentage of plans reporting having an investment policy statement
  11. Percentage of plans reporting having an investment policy statement, 2002-2011
  12. Investment monitoring frequency
  13. Percentage of plans that retain an independent investment advisor to assist with fiduciary responsibility (separate from recordkeeper)
  14. Payment of the independent investment advisor for those companies that retain one

Company Stock

  1. Percentage of companies that offer company stock as an investment option by plan size
  2. Average and median percentages of total plan assets invested in company stock for plans that offer company stock funds by plan type
  3. Average and median percentages of total plan assets invested in company stock for plans that offer company stock funds by plan size
  4. Percentage of total plan assets invested in company stock for plans that offer company stock funds 2002-2011
  5. Percentage of plans that limit the amount of assets that can be invested in company stock
  6. Percentage of plans with company stock and matching company contributions that make matching contributions in company stock by plan type
  7. Percentage of plans with company stock and matching company contributions that make matching contributions in company stock by plan size
  8. Percentage of plans taking a dividend deduction, when company stock is offered

Investment Advice

  1. Percentage plans offering investment advice
  2. Type of investment advice offered by plans offering investment advice
  3. Average Percentage of participants who utilize investment advice when advice is offered
  4. Type of investment advice used most used when more than one type is offered
  5. Percentage of participants who utilize the most frequently used type of advice
  6. Payer of investment advice by plan size 
  7. Types of participants who pay for investment advice, when investment advice is offered and participants pay
  8. Percentage of plans in which the investment advisor is limited to funds available for participant direction

Automatic Enrollment

  1. Percentage of plans with automatic enrollment by plan type
  2. Percentage of plans with automatic enrollment by plan size
  3. Default deferral percentage in plans with automatic enrollment
  4. Default investment option for automatic deferrals
  5. Default deferral percentage in plans with automatic enrollment
  6. Percentage of plans with automatic enrollment that currently have a frozen default option by plan size
  7. Percentage of automatic enrollment plans that automatically increase default deferrals
  8. Basis for increasing default deferrals 
  9. Cap on automatic increases for plans that automatically increase deferrals over time by plan size

Loans

  1. Plans permitting participant loans by plan type and plan size
  2. Percentage of plans permitting loans by industry type
  3. Formula used for calculating loan interest rates
  4. Average and median loan interest rate
  5. Percentage of plans permitting multiple loans
  6. Number of loans allowed in plans permitting multiple loans
  7. Minimum loan amount requirements
  8. Types of loan fees charged to participants
  9. Average and median loan fees charged to borrowers
  10. Plan loan usage comparison 2003 – 2011, for plans permitting loans

Distributions and Withdrawals

  1. Percentage of plans permitting hardship withdrawals
  2. Percentage of plans permitting hardship withdrawals by industry type
  3. Reasons for permitting hardship withdrawals
  4. Average percentage of participants taking a hardship withdrawal, when permitted
  5. Processing of hardship withdrawals
  6. Percentage of plans permitting in-service distributions (excluding hardship withdrawals)
  7. Age at which in-service distributions (non-hardship) are permitted
  8. Pre-retirement distribution options offered
  9. Retirement distribution options offered
  10. Percentage of plans providing education to participants taking a distribution by type of distribution

Participant Education and Communication 

  1. Purposes for providing plan education to employees
  2. Primary purpose for providing plan education to employees
  3. Provider of retirement planning education, when offered, by plan size
  4. Type of education materials used to accomplish educational goals 

Plan Expenses

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

Plan Administration Practices

  1. 401(k) average deferral percentage (ADP) non-discrimination test results
  2. Percentage of plans that are top heavy
  3. Percentage of companies providing non-qualified supplements
  4. Contribution factors other than earnings
  5. Percentage of plans that limit entry into the plan to specific times a year (after any eligible requirements are met)
  6. Percentage of companies providing services via sponsor benefits staff
  7. Percentage of companies providing services via vendor benefit centers
  8. Percentage of companies providing services via the Internet
  9. Forfeiture allocation policies for companies with forfeitures by plan type and plan size
  10. Participant behaviors that companies monitor 
  11. Percentage of companies that took action based on what they learned from monitored participant behaviors