Plan Review Package

DESCRIPTION:

This report is a comprehensive plan-level review package consisting of multiple sections that capture all facets of the plan as of a specified statement-end date. The package begins with a high-level Executive Summary, and then subsequent sections provide further analyses of plan assets, participation trends, employee demographics, investment option utilization and transactional details with regard to contributions, distributions and loans. Historical comparisons from the prior two plan year-ends are included throughout the report, as well as comparisons to common industry averages, to aid in trend-analysis and forecasting. This package can be ordered as of any statement-end date from the previous 12-month period. Additionally, the plan’s Investment Returns document can be requested in conjunction with Plan Review. (Please see note listed below under Data Specifications.)

Please click on the following link to view the official Plan Review Package User Guide, which includes an FAQ Section and “Page Description” and “Understanding the Data” points for each section and page of the package:

Plan Review Package User Guide

AVAILABLE FORMATS:

  • PDF:Always use this format to view/print the report’s intended layout and graphical illustrations.

DATA SPECIFICATIONS:

  • Plan Number
  • Statement End Date
  • Contact to List on Cover
  • Include Page Numbers? (Yes/No)
  • Investment Returns? (Include/Exclude)*

* The Plan’s Investment Option at a Glance (IOAG) Fund Returns Document generates as a separate file that can be downloaded for delivery with the Plan Review. NOTE: The IOAG document provided will be the most recent version available as of the date that the Plan Review Package is ordered.

OUTPUT:

SECTION / REPORT ITEM (Reporting Period Shown in Parenthesis – See Definitions Below)
Table of Contents / Displays the sections ordered for your report
Executive Summary / Plan Assets (3)
  • Plan Asset Balance

  • Account Reduction Loan Balance

  • Plan Asset Balance
  • Collateral Loan Balance (as applicable)

Cash Flow (3)
  • Contributions

  • Distributions

  • Net Cash Flow

Participants (3)
  • Eligible Employees

  • Participants Contributing

  • Active Participants with Balances

  • Terminated Participants with Balances

  • Participants with Loan Balances

Plan Utilization (3)
  • Participation Rate

  • Average Participant Paycheck Contribution Percentage Rate

  • Average Participant Paycheck Contribution Dollar Amount

  • Average Participant Contribution Amount

  • Average Participant Balance

  • Investment Options in Plan with a Balance

Plan Assets / Plan Asset History (3)
Percentage Change in Plan Assets (3)
Number of Investment Options Offered by the Plan (1)
Asset Allocation / Overview of Plan Holdings by Investment Option and Broad Asset Class (2)
  • Amount and Percentage of Holdings in Each Investment Option

  • Number of Participants Allocating to Each Investment Option

  • Identification of the Plan’s Current Default Investment Election(s)

Asset Allocation by Age (1)
  • Percentage of Holdings by Asset Class for Forfeitures and Participant Assets

  • Percentage of Holdings by Broad Asset Class and Age

Plan Utilization / Average Participation Rate by Age (3)
Participation Rate (1)
Number of Participants with Defaulted Investment Elections (1)
Average Participant Contribution Amount by Age (3)
Average Participant Paycheck Contribution Rate (1)
Average Participant Paycheck Contribution Amount (1)
Average Contribution Amount by Age (3)
Participant Details / Average Participant Balance (3)
Average Number of Investment Options Held by Participants (1)
Average Participant Balance by Age (3)
Contributions / Contributions by Money Type (3)
Overview of Contributions by Investment Option and Broad Asset Class (2)
  • Amount and Percentage of Contributions in Each Investment Option

  • Number of Participants Contributing to Each Investment Option

  • Identification of the Plan’s Current Default Investment Election(s)

Distributions / Reasons for Distribution (1)
Distribution Counts, Amounts, and Percentages Rolled Over / Transferred (3)
Comparison of Rollovers / Transfers Versus Payment to Self for Three Common Distribution Reasons (1)
Loans / Total Outstanding Loan Balance (3,5)
Number of Outstanding Loans (1)
New and Defaulted Loan Numbers and Amounts (3)
Number of Participants with an Outstanding Loan and Average Outstanding Loan Balance (1)
Percentage of Participants with an Outstanding Loan Balance (1)
Web Site / Activity Reflecting Plan Totals, Inquiries and Account Changes (3)
Voice Response / Activity Reflecting Plan Totals, Inquiries and Account Changes (3)
Services Offered / Dashboard of Plan Utilization of Available Administrative Services and Features (Dynamic) (1)
Glossary of Terms / Descriptions of Terms Frequently Used Throughout the Plan Review Reporting Package
Notes:
(1) / Reporting period as of current reporting period end date
(2) / Reporting period as of current reporting period end date and the prior year-end
(3) / Reporting period as of current reporting period end date and two consecutive prior year-ends
(5) / Only Displayed if Utilized by Plan