PLAN REVIEW PACKAGE USER GUIDE

Transcription

1 INTRODUCTION The Plan Review package is a cnslidated verview f plan level data that includes executive summary dashbards, plan asset analysis, participant utilizatin and demgraphic detail, in additin t varius transactin details, all with year-veryear cmparisns. Infrmatin is displayed in graphic representatin as well as tabular frmats. The package will be delivered in ne dcument that can be exprted t Adbe Acrbat PDF. Additinally, the plan s Investment Returns dcument can be requested in cnjunctin with Plan Review. Reprting is available t be rdered fr the plan s statement perid end dates and will display up t three years f histrical data. T rder the Plan Review reprt, plan level security-level access is required and will be available t nly thse users wh have unrestricted access t that plan. Users with access t nly designated subsets will be unable t rder the package. Ordering the Plan Review package is as easy as entering the plan number and selecting a statement end date frm a drp-dwn list fr the previus 12-mnth perid. The user can further custmize the Plan Review cver page by selecting a specific advisr r reprt preparer cntact frm the drp-dwn list, in additin t chsing the ptin t number the pages. Additinal Age/Gender Data and Investment Return reprting can als be selected. When the reprt has cmpleted, the Plan Review package can be accessed frm the Manage My Reprt Requests sectin f the Plan Service Center r PartnerLink Reprts tab. T view and print the reprt with prper file layut and graphics, the reprt shuld always be exprted and dwnladed as an Adbe Acrbat (PDF) file. PLEASE NOTE: The fllwing User Guide and sample Plan Review Package reprt illustratins include references t all services and features that are available n ur recrd keeping system. While a particular Line f Business r Partner may nt ffer every service r feature, these services and features will be nted within the User Guide as as applicable. Pages that are included when rdering Age/Gender Data are ntated as such. Industry benchmarks will be updated as sn as statistics are made available. Thse included in the sample Plan Review Package reprt in this User Guide are fr illustrative purpses nly and may nt be the mst current available. REPORT OUTPUT Sectin Cver Page Reprt Item (number f data perids, applicability in parenthesis) Plan Infrmatin Advisr r Reprt Preparer s Infrmatin (Optinal) Table f Cntents Displays the sectins rdered fr yur reprt Executive Summary Plan Assets (3) Plan Asset Balance Accunt Reductin Lan Balance Ttal Plan Asset Balance Cllateral Lan Balance (as applicable) Cash Flw (3) Cntributins Distributins Net Cash Flw Plan Review Package User Guide June 2016 Page 1 f 31

2 Participants (3) Eligible Emplyees Participants Cntributing Active Participants with Balances Terminated Participants with Balances Participants with Lan Balances Plan Utilizatin (3) Participatin Rate Average Participant Paycheck Cntributin Percentage Rate Average Participant Paycheck Cntributin Dllar Amunt Average Participant Cntributin Amunt Average Participant Balance Investment Optins in Plan with a Balance Plan Assets Plan Asset Histry (3) Percentage Change in Plan Assets (3) Number f Investment Optins Offered by the Plan (1) Asset Allcatin Overview f Plan Hldings by Investment Optin and Brad Asset Class (2) Amunt and Percentage f Hldings in Each Investment Optin Number f Participants Allcating t Each Investment Optin Identificatin f the Plan s Current Default Investment Electin(s) Asset Allcatin by Age (1) Percentage f Hldings by Asset Class fr Frfeitures and Participant Assets Percentage f Hldings by Brad Asset Class and Age Plan Utilizatin Average Participatin Rate by Age (3) Participatin Rate (1) Number f Participants with Defaulted Investment Electins (1) Average Participant Cntributin Amunt by Age (3) Average Participant Paycheck Cntributin Rate (1) Average Participant Paycheck Cntributin Amunt (1) Average Cntributin Amunt by Age (3) Participant Details Average Participant Balance (3) Average Number f Investment Optins Held by Participants (1) Average Participant Balance by Age (3) Cntributins Cntributins by Mney Type (3) Overview f Cntributins by Investment Optin and Brad Asset Class (2) Amunt and Percentage f Cntributins in Each Investment Optin Number f Participants Cntributing t Each Investment Optin Identificatin f the Plan s Current Default Investment Electin(s) Distributins Reasns fr Distributin (1) Distributin Cunts, Amunts, and Percentages Rlled Over / Transferred (3) Cmparisn f Rllvers / Transfers Versus Payment t Self fr Three Cmmn Distributin Reasns (1) Lans Ttal Outstanding Lan Balance (3,5) Number f Outstanding Lans (1) New and Defaulted Lan Numbers and Amunts (3) Number f Participants with an Outstanding Lan and Average Outstanding Lan Balance (1) Percentage f Participants with an Outstanding Lan Balance (1) Web Site Activity Reflecting Plan Ttals, Inquiries and Accunt Changes (3) Plan Review Package User Guide June 2016 Page 2 f 31

3 Vice Respnse Activity Reflecting Plan Ttals, Inquiries and Accunt Changes (3) Services Offered Glssary f Terms Dashbard f Plan Utilizatin f Available Administrative Services and Features (Dynamic by Line f Business/Partner) (1) Descriptins f Terms Frequently Used Thrughut the Plan Review Reprting Package Ntes: (1) Reprting perid as f current reprting perid end date (2) Reprting perid as f current reprting perid end date and the prir year-end (3) Reprting perid as f current reprting perid end date and tw cnsecutive prir year-ends (5) Only Displayed if Utilized by Plan FREQUENTLY ASKED QUESTIONS Q: Hw d I save a reprt t my desktp? A: When the reprt is first displayed n the screen, it appears with Crystal Reprts frmatted text and graphics. An exprt icn in the upper upper-left hand crner f the display allws the reprt t be exprted in several different frmats. T view and print the reprt with prper file layut and graphics, the reprt shuld always be exprted and dwnladed (saved) as an Adbe Acrbat (PDF) file. T dwnlad the Investment Returns dcument, if it was included at the time the reprt was rdered, click n View next t the applicable reprt. The dcument will pen in a new brwser windw, which can then be saved as needed. Q: Can I run this reprt fr multiple plans? A: This reprt is available fr a single plan nly. Q: Wh is the intended audience? A: The Plan Review reprting package is suitable fr clients with all plan sizes. The charts and graphs are scalable t accmmdate varying assets, number f participants, plan metrics, etc. Q: Is there a minimum time perid that must be met befre I am able t rder the reprt? A: There is n minimum time perid that needs t be met t rder a reprt. Requirements are that the reprt end date must be a plan statement perid date and that the statements fr the plan have been generated fr that perid. Histrical data will be displayed fr the prir tw plan year-ends OR as lng as the plan has been n the recrd keeping system, whichever is mst recent. Q: Why desn t the Plan Review reprting data exactly match my Plan Summary (Trust Statement) infrmatin? A: Althugh the Plan Review and Plan Summary reprts share many like metrics, the Plan Summary reprt stres transactins and assets as f the statement perid end date, while the Plan Review will prvide transactins and assets as f the same statement perid end date but can als include any activity made retractive t that statement perid end date. The Plan Review reprt package is a cllabratin f plan and participant reprts with year-ver-year cmparisns. It is useful fr citing trends, assessing changes in investment electins, participatin and withdrawal activity in yur plan. The Plan Review reprt is nt intended t be used as a supplement t r replacement fr yur Plan Summary r fr any audit-related purpses. Q: What are the parameters fr the package? A: In additin t the Grup Accunt / Plan Number that the user has selected, the package requires five parameters t be entered as fllws: End Date selectin frm the drp-dwn menu Only plan statement end dates that have cmpletely generated are available Statement dates fr the past twelve mnths are available t be rdered Advisr r reprt preparer s infrmatin t be included n Cver Page t be selected frm the drp-dwn menu f available cntacts, r Nne, if desired Page Numbers t be selected t include r exclude n the reprt Investment Returns t be included r excluded (available as a separate dwnlad) Plan Review Package User Guide June 2016 Page 3 f 31

4 Q: Why am I receiving the errr message: Plan level access is required t run the Plan Review reprt when dwnlading the package t Adbe Acrbat (PDF)? A: This package can nly be rdered by users wh have been assigned security access t the plan. Please verify that yu have the apprpriate access. Users with nly designated subset r divisinal access will be unable t pen r dwnlad the Plan Review reprt. Q: There was a plan change made n the recrdkeeping system tday that included adding new funds and changing the relatinship manager n the plan, fr example why are these updates nt reflected in the Plan Review reprt I just ran? A: The Plan Review reprt is created frm data n the recrdkeeping reprting database, which is a cpy f the previus day s data frm the prductin database. As updates t plan r participant data are made thrughut the day n the realtime recrdkeeping platfrm in prductin, infrmatin is recrded but must g thrugh an vernight batch prcess t then be stred n the reprting database. T include any updated infrmatin made tday n the Plan Review reprt, yu must rder the reprt the day after the changes have been made. Q: Why is the mst recent statement perid end date nt listed as n ptin n the End Date drp-dwn menu? A: The Plan Review reprt can be created with any statement perid end date during the past 12 mnths. The statements must be in a cmpleted status (generated) in rder t request that statement perid end date. Please cnfirm that the plan s mst recent statements have been cmpleted. Plan Review Package User Guide June 2016 Page 4 f 31

5 Page Descriptins & Data Explanatins Page Descriptin: Plan Review reprt cver page Cver Page Understanding the Data: Advisr / Reprt Preparer s infrmatin may be included if desired User will select frm a drp-dwn list f designated individuals set up n the recrdkeeping system as Cntact Servicers fr the plan based upn thse individuals wh are included in the intended user class given access t rder this reprt Only ne Advisr / Reprt Preparer cntact can be selected t be displayed Select Nne if infrmatin will nt be displayed Plan Review Package User Guide June 2016 Page 5 f 31

6 Page Descriptin: Lists each data sectin included in the reprt Table f Cntents Understanding the Data: All sectin headings will be displayed, regardless f whether the plan has data applicable fr each sectin, except fr: Lans (if the Plan des nt ffer lans, the sectin title will nt be listed) Advisry Services (if the plan des nt utilize Advisry Services, the sectin title will nt be listed) All underlying pages will be included in the reprt if infrmatin is nt available but will reflect a message indicating N/A r that the particular metric is nt utilized by the plan as applicable, except fr: Lans (if the Plan des nt ffer lans, the page will nt be included) Advisry Services (if the plan des nt utilize Advisry Services, the page will nt be included) Plan Review Package User Guide June 2016 Page 6 f 31

7 Executive Summary Page Descriptin: Dashbard presentatin f the fllwing metrics, displayed in a year-ver-year cmparisn fr the current reprting perid end date and the prir tw plan year ends If a plan has been n the recrdkeeping system fr less than the entire lk-back perid(s), nly the metrics available are displayed. If data fr a year-end is nt available, sme variant f N/A will be displayed Understanding the Data: Plan Assets Plan Asset Balance Sum f all balances (including thse frfeited r nn-vested) Accunt Reductin Lan Balance Sum f all active lans Includes accunt reductin lans nly, as applicable Includes lan balances that are in a default status Offset r deemed lans are nt included Lans that are nt prcessed n the recrdkeeping system are nt included (i.e. lan balances that are listed nly as a narrative) Ttal Plan Asset Balance Sum f Plan Asset Balance and Accunt Reductin Lan Balance metrics listed abve Cllateral Lan Balance, as applicable Cash Flw Cntributins Sum f all regular and single participant (emplyee) and regular plan (emplyer) cntributins made during the reprting perid(s), including befre-tax, after-tax and Rth mney types, and rllvers Includes the cntributins made using the cash effective date Plan cnversin balances are nt included Lan payments are nt included Distributins Sum f all disbursement types and reasns prcessed during the reprting perid(s) Includes disbursements made using the disbursement effective (cmpletin) date Includes full amunt disbursed (accunt debit), including any nn-vested amunts Includes amunts fr any ffset r deemed (tax-reprtable) lans Net Cash Flw Sum f the difference between the ttal cntributins and ttal distributins listed abve Plan Review Package User Guide June 2016 Page 7 f 31

8 Executive Summary Page Descriptin: Dashbard presentatin f the metrics utlined belw, displayed in a year-ver-year cmparisn fr the current reprting perid end date and the prir tw plans year ends If a plan has been n the recrdkeeping system fr less than the entire lk-back perid(s), nly the metrics available will be displayed; if data fr a year-end is nt available, a variant f N/A will be displayed Understanding the Data: Participants Eligible Emplyees Calculatin is made by using plan and emplyee level infrmatin that is set up n the recrdkeeping system, including PDI Eligibility Indicatr, plan participatin (cntributing) and participatin date Eligible plan emplyees include thse with: PDI Eligibility Indicatr f Yes, wh participated in the plan during the reprting perid and have a participatin date is within the reprting perid PDI Eligibility Indicatr f Yes, wh did nt participate in the plan during the reprting perid and have a participatin date is within reprting perid PDI Eligibility Indicatr f Yes, wh participated during the reprting perid, and have a participatin date is nt within the reprting perid PDI Eligibility Indicatr f N r null, wh participated during the reprting perid, and have a participatin date within the reprting perid PDI Eligibility Indicatr f N r null, wh did nt participate during the reprting perid, and have a participatin date within the reprting perid PDI Eligibility Indicatr f N r null, wh participated during the reprting perid, and have a participatin date that is nt within the reprting perid Calculatin is made as f the reprting perid end dates Participants Cntributing Number f actively emplyed plan participants wh have a regular payrll cntributin (Emplyee r Emplyer Cntributins) at any time during the reprting perid end dates Participants making nly lan payments are nt included Participants with nly rllver cntributins are nt included Active Participants with Balances Number f actively emplyed plan participants with an accunt balance Calculatin is based upn emplyment dates that are set up n the recrdkeeping system Plan Review Package User Guide June 2016 Page 8 f 31

9 Terminated Participants with Balances Number f plan participants wh are n lnger emplyed but have an accunt balance Includes beneficiary accunts with a balance Includes any Qualified Dmestic Relatin Order accunts with a balance Calculatin is based upn emplyment dates that are set up n the recrdkeeping system Participants with Lan Balances Number f individual plan participants wh have an utstanding lan balance as f the current reprting perid end dates, regardless f hw many utstanding lans each participant has Includes Accunt Reductin and Cllateral Lans, as applicable Includes participants wh have a defaulted lan balance Participants wh have an ffset r deemed (tax-reprtable) lan are nt included Plan Utilizatin Participatin Rate Percentage f ttal participants participating in the plan Calculated by dividing the ttal number f participants wh have regular cntributins by the ttal number f eligible plan participants frm abve Regular cntributins include Emplyee r Emplyer cntributins Participant lan payments are nt included Average Participant Paycheck Cntributin Percentage Rate Average amunt f all regular paycheck cntributin percentages that have been established by actively emplyed participants fr any held emplyee mney types Emplyee befre-tax Emplyee after-tax Rth Catch-up Age 50 + catch-up Calculated nly fr plans that utilize ur deferral recrdkeeping services Will reflect N/A fr plans nt utilizing ur deferral recrdkeeping services If plan nly allws participant paycheck electins by cntributin amunt, this will reflect 0% Includes participant regular paycheck cntributin percentages that are 1% r mre Average Participant Paycheck Cntributin Amunt Average amunt f all regular dllar amunt deferrals fr the plan s payrll frequency, that have been established by actively emplyed participants fr any held emplyee mney types Emplyee befre-tax Emplyee after-tax Rth Catch-up Age 50 + catch-up Calculated nly fr plans that utilize ur deferral recrdkeeping services Will reflect N/A fr plans nt utilizing ur deferral recrdkeeping services Includes participant regular deferral amunts that are $0.01 r mre If a plan nly allws participant paycheck electins by percent, this will reflect $0 Average Participant Cntributin Amunt Average amunt f the ttal f all participant (emplyee) payrll and regular plan (emplyer) cntributins made during the reprting perids Befre-tax After-tax Rth Emplyer Calculated by dividing the ttal amunt f cntributins by the number f participants with a cntributin Calculated fr plans utilizing and thse nt utilizing ur deferral recrdkeeping services Calculated by using the cntributin cash effective date Plan cnversin balances are nt included Average Participant Balance Average balance f all plan participants with a balance f $0.01 r greater Includes bth actively emplyed and terminated plan participants Participant lan balances are nt included Plan Review Package User Guide June 2016 Page 9 f 31

10 Investment Optins in Plan with a Balance Cunt f investment ptins within the plan s fund line up as f the current reprting perid end date Includes investment ptins with a balance f $0.01 r greater Includes Emplyer Stck Awaiting Purchase if applicable Includes self directed brkerage prducts if applicable Balances in Mney Market are listed separately Balances in Securities ptins are listed separately Guaranteed Certificates with the same term but with different maturities are cunted as ne investment ptin Insurance plicy cash values that are listed n participant statements as a line-item nly are nt included Plan Review Package User Guide June 2016 Page 10 f 31

11 Plan Assets Page Descriptin: The ttal Plan Asset Histry fr the current reprting perid end date and the prir tw plans year ends, displayed in graph and table frmats The percentage (%) Change in Plan Assets frm year-t-year fr the reprting perid year ends The Number f Investment Optins available fr cntributins int the plan Benchmark reflecting the average number f investment ptins ffered in cmparable plans Understanding the Data: Plan Asset Histry The plan s ttal asset balance fr the current reprting perid end date and the prir tw plans year ends Calculatin includes a rllup f all participant cntributins and depsit types, transfers in / ut, interest and dividends, change in value, fees and withdrawals, and plan frfeiture balances Calculatin includes all active, utstanding participant Accunt Reductin Lan Balances Includes defaulted lan balances Offset r deemed (tax-reprtable) lan balances are nt included Table reflects the values f plan asset balances including active, utstanding Accunt Reductin Lans fr each perid end date % (Percentage) Change in Plan Assets Cmparisn f ttal plan asset balances (excluding participant lan balances) between each reprting perid end date Calculated by using the frmula (year2 year1) / year1 * 100 and (year3 year2) / year2 * 100, respectively Number f Investment Optins ffered by the plan Number investment ptins ffered fr regular participant cntributin mney types int the plan Emplyee befre-tax Emplyee after-tax Rth Catch-up Age 50 + catch-up Includes investment ptins that can be selected fr participant mney type cntributins Self-directed brkerage accunts are included if the plan allws cntributins t be made directly t the participant s brkerage accunt Plan Review Package User Guide June 2016 Page 11 f 31

12 Includes insurance ptin when used t pay plicy premiums Frzen r restricted funds r investment ptins are nt included Exclusive emplyer-directed mney type investment electins are nt included Plan Review Package User Guide June 2016 Page 12 f 31

13 Asset Allcatin Page Descriptin: Overview f plan hldings by investment ptin and brad asset class fr the current reprting perid end date and the prir plan year end Amunt and percentage f hldings in each investment ptin Number f participants with accunt balances in each investment ptin Identificatin f the plan s current default investment electin(s) What the Data Means: Investment ptins are gruped within brad asset class categries Asset classificatins are typically set by plan prviding cmpany r utilize a default categry The brad asset class categry utilized may vary frm thse assigned by Mrningstar, individual mutual fund cmpanies, r partner r line f business designated categries If an investment ptin has had a style shift r re-classificatin, the mst current brad asset class categry is used Funds r investment ptins will be listed as Unclassified if the brad asset class categry is nt prperly set up n the recrdkeeping system r des nt have a brad asset class categry assigned If unclassified, maintenance can be dne n the recrdkeeping system t update the investment ptin with the apprpriate brad asset class categry as applicable Investment ptins that are active with a balance during the current reprting perid end date r were active during the prir plan year end are included Investment ptins that are included in the plan s lineup but have n current balance as f the current reprting perid end date are nt included Emplyer stck and emplyer stck awaiting purchase investment electins are listed individually if applicable Self-directed brkerage accunts are listed as an individual investment electin if applicable Insurance plicy cash values that are listed n participant statements as a line-item nly are nt included Sub ttals f individual investment ptins are prvided, as are sub ttals by brad asset class Asset calculatin includes a rllup f all cntributins and depsit types, transfers in / ut, interest and dividends, change in value, fees and withdrawals, and frfeiture assets Active, utstanding participant lan balances are nt included % (Percent) f Ttal fr each fund r investment ptin is calculated by dividing the asset balance in an individual investment ptin by the plan s asset Grand Ttal % (Percent) f Ttal fr each brad asset class categry is calculated by dividing the brad asset class categry ttal balance by the plan s asset Grand Ttal Plan Review Package User Guide June 2016 Page 13 f 31

14 Number f Participants in Fund is a cunt f participants (bth actively and previusly emplyed) with a balance in each fund r investment ptin Includes beneficiary accunts with a balance Includes any Qualified Dmestic Relatin Order accunts with a balance The current plan s default investment electin(s) is/are als identified, as applicable Includes plan s single default investment electin Includes plan s date based default investment electins Includes plan s risk based default investment electins Includes plan s managed accunt default investment electin Including interim default investment electin Including back up default investment electin Indicatin included if plan has n default investment electin designated Plan Review Package User Guide June 2016 Page 14 f 31

15 Asset Allcatin by Age Page Descriptin: A pie chart illustratin f the plan s Asset Allcatin by Age, by brad asset class, f the current reprting perid end date Percentage f entire plan asset ttals (including frfeiture balances) by asset class Percentage f plan asset ttals, by asset class and by age What the Data Means: The Asset Allcatin data reprted n the previus page is utilized t create the pie charts Investment ptins are gruped within brad asset class categries Asset classificatins are typically set by plan prviding cmpany r utilize a default categry Categries may vary frm thse assigned by Mrningstar, individual mutual fund cmpanies, r partner r line f business designated categries Funds r investment ptins will be listed as Unclassified if the brad asset class categry is nt prperly set up n the recrdkeeping system r des nt have a brad asset class categry assigned If unclassified, maintenance can be dne n the recrdkeeping system t update the investment ptin with the apprpriate brad asset class categry as applicable The number f ttal plan participants and number f plan participants by age is listed Five standard age grup categries are used thrughut the Plan Review reprt Unknwn age participants include participants wh have a system-defaulted birth date due t an actual birth date nt being entered n the recrdkeeping system If there are n assets fr a given age grup, the chart area will display the message ***There are n assets fr this age grup*** Plan Review Package User Guide June 2016 Page 15 f 31

16 Plan Utilizatin Page Descriptin: Bar Graph illustratin f the Average Participatin Rate by Age grup fr the current reprting perid end date and the prir tw plan year ends # (Number) f cntributing participants as f current reprting perid end date Participatin rate as f the current reprting perid end date Benchmark indicating the average plan participatin rate fr eligible emplyees in cmparable plans Number f participants with defaulted investment electins as f the current reprting perid end date What the Data Means: Average Participatin Rate by Age The plan s average participatin rates by age grup fr the current reprting perid end date and the prir tw plans year ends Percentages calculated by taking the ttal cntributing participants participating in the plan, divided by the ttal number f eligible plan emplyees by age grup Number f actively emplyed plan participants wh have made a regular payrll cntributin at any time during the perid end dates Participants making nly lan payments are nt included Participants with nly rllver cntributins are nt included Calculatin is made by using plan and emplyee level infrmatin that is set up n the recrdkeeping system, including PDI Eligibility Indicatr, plan participatin (cntributing) and participatin date Eligible plan emplyees include thse with: PDI Eligibility Indicatr f Yes, wh participated in the plan during the reprting perid and have a participatin date is within the reprting perid PDI Eligibility Indicatr f Yes, wh did nt participate in the plan during the reprting perid and have a participatin date is within reprting perid PDI Eligibility Indicatr f Yes, wh participated during the reprting perid, and have a participatin date is nt within the reprting perid PDI Eligibility Indicatr f N r null, wh participated during the reprting perid, and have a participatin date within the reprting perid PDI Eligibility Indicatr f N r null, wh did nt participate during the reprting perid, and have a participatin date within the reprting perid Five standard age grup categries are used thrughut the Plan Review reprt Plan Review Package User Guide June 2016 Page 16 f 31

17 Unknwn age participants include participants wh have a system-defaulted birth date due t an actual birth date nt being entered n the recrdkeeping system Participatin Rate Ttal plan participatin rate fr all age grup categries fr the plan as f the current reprting perid end date Calculatin equals the ttal number f participants making regular cntributins divided by the ttal number f eligible emplyees Same eligible plan participant calculatin is used abve Defaulted Participants Cunt f emplyees participating (participants cntributing, making regular payrll cntributins during the reprting perid) wh have nt made a psitive investment electin and remain in the plans designated default investment ptin(s) Plan Review Package User Guide June 2016 Page 17 f 31

18 Plan Utilizatin Page Descriptin: Bar Graph and Table illustratin f the Average Participant Cntributin Amunt by Age fr the current reprting perid end date and the prir plan year end # (Number) f Cntributing Participants as f current reprting perid end date Paycheck Cntributin Infrmatin as f current reprting perid end date Average participant paycheck cntributin rate Average participant paycheck amunt Benchmark indicating the average deferral rate fr nn-highly cmpensated participants in cmparable plans What the Data Means: Average Participant Cntributin Amunt by Age The plan s average paycheck cntributin amunt by age fr the current reprting perid end date and the prir tw plans year ends Amunts calculated by taking the ttal plan cntributins fr all regular emplyee and emplyer mney types divided by the number f cntributing participants, bth currently emplyed r emplyed during the reprting perid Lan payments are nt included Rllver cntributin types are nt included Five standard age grup categries are used thrughut the Plan Review reprt Unknwn age participants include participants wh have a system-defaulted birth date due t an actual birth date nt being entered n the recrdkeeping system Table reflects the values fr the average participant paycheck cntributin amunts as f each reprting perid end date Paycheck Cntributin Infrmatin The plan s average participant paycheck cntributin rate (percentage) as f the current reprting perid end date Percentage calculated fr plans utilizing ur deferral recrdkeeping services Calculatin includes the average f all percentage paycheck cntributins that have been established by each actively emplyed participant (ttal percentage f all deferrals per participant) fr any held mney type Emplyee befre-tax Emplyee after-tax Rth Plan Review Package User Guide June 2016 Page 18 f 31

19 Catch-up Age 50 + catch-up Lan payments are nt included Rllver r single cntributin types are nt included Only paycheck cntributin amunts that are 1% r greater are included Calculatin is made by using plan and emplyee level infrmatin that is set up n the recrdkeeping system The plan s average participant paycheck cntributin amunt as f the current reprting perid end date Amunt calculated fr plans utilizing ur deferral recrdkeeping services Calculatin includes the average f all paycheck cntributin dllar amunts that have been established by each actively emplyed participant (ttal amunt f all paycheck cntributin amunts per participant) fr any held mney type Emplyee befre-tax Emplyee after-tax Rth Catch-up Age 50 + catch-up Lan payments are nt included Rllver r single cntributin types are nt included Only paycheck cntributin amunts that are $0.01 r greater are included When the plan utilizes ur deferral recrdkeeping services, bth metrics will be displayed If the plan ffers nly rate (percentage) paycheck cntributin electins, the average participant paycheck cntributin amunt will still be displayed but indicate a $0.00 amunt If the plan ffers nly amunt paycheck cntributins, the average participant paycheck cntributin rate (percentage) will still be displayed but indicate a 0.00% (percent) When the plan des nt utilize deferral recrdkeeping services, the fllwing message will be displayed: As f MM/DD/YYY (current reprting perid end date) we are nt the paycheck cntributin recrdkeeper fr yur plan. Plan Review Package User Guide June 2016 Page 19 f 31

20 Participant Details Page Descriptin: Bar graph illustratin f the plan s Average Participant Balance fr the current reprting perid end date and the prir tw plans year ends # (Number) f Participants with a Balance as f current reprting perid end date Average Number f Investment Optins held by participants Benchmark indicating the average number f investment ptins participants hld in cmparable plan accunts What the Data Means: Average Participant Balance The average balance f all actively emplyed and terminated participant accunts Calculatin includes nly balances that are $0.01 r greater Calculatin includes any nn-vested participant accunt balances Outstanding participant lan balances are nt included Includes beneficiary accunts with a balance Includes any Qualified Dmestic Relatin Order accunts with a balance Insurance plicy cash values that are listed n participant statements as a line-item nly are nt included Number f Investment Optins Calculatin based n the average number f investment ptins held in participant accunts fr participants bth currently emplyed and emplyed during the current reprting perid Plan Review Package User Guide June 2016 Page 20 f 31

21 Participant Details Page Descriptin: Bar Graph and Table illustratin f the Average Participant Balance by Age grup fr the current reprting perid end date and the prir tw plan year ends # (Number) f Participants with a Balance as f the current reprting perid end date Benchmark indicating Average Participant Accunt Balance (nt age-specific) fr cmparable plans What the Data Means: Average Participant Balance by Age The plan s average participant balance by age fr the current reprting perid end date and the prir tw plans year ends Five standard age grup categries are used thrughut the Plan Review reprt Unknwn age participants include participants wh have a system-defaulted birth date due t an actual birth date nt being entered n the recrdkeeping system Average amunts calculated by taking the ttal balance f all actively emplyed and terminated plan participant accunts divided by the number f all actively emplyed and terminated plan participants Includes beneficiary accunts with a balance Includes any Qualified Dmestic Relatin Order accunts with a balance Active, utstanding participant lan balances are nt included Average Participant Balance dllar amunts by age are displayed in the Yur Plan data table Plan Review Package User Guide June 2016 Page 21 f 31

22 Cntributins Page Descriptin: Bar graph and table illustratin f the plan s Cntributins by Mney Type fr the current reprting perid end date and the prir tw plans year ends What the Data Means: Cntributins by Mney Type Calculatin includes ttal cntributins (regular and single cntributins) made by participants and emplyer fr participants bth currently and previusly emplyed during the reprting perid end dates Cntributin ttals include: Sum f all regular and single participant (emplyee) and regular plan (emplyer) cntributins made during the reprting perids Befre-tax After-tax Rth Rllvers Emplyer Includes the cntributins made using the cash effective date Plan cnversin balances are nt included Participant lan payments are nt included Plan Review Package User Guide June 2016 Page 22 f 31

23 Cntributin Analysis Page Descriptin: Overview f plan participant s cntributins investment ptin and brad asset class fr the current reprting perid end date and the prir plan year end Amunt and percentage f cntributins made in each investment ptin Number f participants with cntributins made in each investment ptin Identificatin f the plan s current default investment electin(s) What the Data Means: Investment ptins are gruped within brad asset class categries Asset classificatins are typically set by plan prviding cmpany r utilize a default categry The brad asset class categry utilized may vary frm thse assigned by Mrningstar, individual mutual fund cmpanies, r partner r line f business designated categries If an investment ptin has had a style shift r re-classificatin, the mst current brad asset class categry is used Investment ptins will be listed as Unclassified if the brad asset class categry is nt prperly set up n the recrdkeeping system r des nt have a brad asset class categry assigned If unclassified, maintenance can be dne n the recrdkeeping system t update the investment ptin with the apprpriate brad asset class categry as applicable Cntributin ttals include Sum f all regular and single participant (emplyee) and regular plan (emplyer) cntributins made during the reprting perids Befre-tax After-tax Rth Rllvers Emplyer Includes the cntributins made using the payrll effective date Plan cnversin balances are nt included Participant lan payments are nt included Insurance payments used t pay plicy premiums are nt included Emplyer stck and emplyer stck awaiting purchase investment electins are listed individually as applicable Plan Review Package User Guide June 2016 Page 23 f 31

24 Self-directed brkerage accunts are listed as applicable Investment ptins that are available fr participant cntributins during the current reprting perid end date r were active during the prir plan year end are included Sub ttals f individual investment ptins are prvided, as are sub ttals by brad asset class % (Percent) f Ttal fr each investment ptin is calculated by dividing the cntributin balance in an individual investment ptin by the plan s cntributin Grand Ttal % (Percent) f Ttal fr each brad asset class categry is calculated by dividing the brad asset class categry cntributin balance by the plan s cntributin Grand Ttal Number f Participants Cntributing is a cunt f participants (bth actively and previusly emplyed) with a cntributin in each investment ptin Includes beneficiary accunts with a balance Includes any Qualified Dmestic Relatin Order accunts with a balance The current plan s default investment electin(s) is/are als identified Includes plan s single default investment electin Includes plan s date based default investment electins Includes plan s risk based default investment electins Includes plan s managed accunt default investment electin Including interim default investment electin Including back up default investment electin Indicatin included if plan has n default investment electin designated Plan Review Package User Guide June 2016 Page 24 f 31

25 Distributins Page Descriptin: Pie chart illustratin f five general Reasns fr Distributins and all Other reasns prcessed during the current reprting perid Table f ttal number and amunt f Distributins prcessed, including a metric reflecting the Percentage f Distributins that were Rlled Over / Transferred, fr the current reprting perid end date and the prir tw plan year ends Bar graph cmparing the percentage f rllvers and transfers t payments made t participants, Cmparing three Cmmn Distributin Reasns, including retirement, separatin f service and in-service during the current reprting perid Benchmark indicating Industry Average fr participant dispsitin f accunts when terminating emplyment What the Data Means: Reasns fr Distributin Calculatin includes percentage breakdwn fr all disbursement types and reasns prcessed during the current reprting perid Includes five cmmn disbursement reasns Includes an Other categry fr thse reasns nt individually listed Includes disbursements made using the disbursement effective (cmpletin) date Includes full amunts disbursed (accunt debited), including any nn-vested amunts Includes ttal amunts f all peridic payments made, regardless f frequency f individual payments Includes amunts fr any ffset r deemed (tax-reprtable) lans New lans are nt included with these distributin types Distributins Table illustratin f the number and ttal amunt f all disbursement types and reasns listed abve fr the current reprting perid and prir tw plan year ends Peridic payments, regardless f frequency, are cunted as ne distributin fr each reprting perid Includes the percentage f distributins that were rlled ver r transferred divided by the sum f all disbursements prcessed, as f the current reprting perid and prir tw plan year ends Cmparing Cmmn Distributin Reasns Bar graph cmparisn illustrating the percentage f disbursement dispsitins fr the current reprting perid and prir tw plan year ends Includes calculatins fr three cmmn disbursement reasns: Retirement, Separatin f Service and In- Service Plan Review Package User Guide June 2016 Page 25 f 31

26 Lans Page Descriptin: Bar graph illustratin f the plan s Ttal Outstanding Lan Balance fr the current reprting perid end date and the prir tw plan year ends # (Number) f Lans as f the current reprting perid end date Table illustratin f the number and amunt f newly issued lans and defaulted lans fr the current reprting perid end date and the prir tw plan year ends Lan Details metrics Number f participants with an utstanding lan and average utstanding plan lan balance Percentage f plan participants with an utstanding lan Benchmark indicating the average percentage f plan participants that have an utstanding lan fr cmparable plans Nte: This page will be suppressed if the plan has nt had any active lans fr the current reprting perid end date r prir tw plan year ends, r has nt ffered participant lans What the Data Means: Ttal Outstanding Lan Balance as f the current reprting perid end date and prir tw plan year ends Calculatin is sum f all active lans Includes accunt reductin lans and cllateral lans as applicable Includes lans balances that are in a defaulted status Offset r deemed lans are nt included Lans that we are nt recrdkeeping are nt included (lan balances that are listed as a narrative) Ttal number f utstanding lans as f the current reprting perid end date New Lans and Defaulted Lans Table illustratin f actual number and amunt f newly issued lans and defaulted lans fr the current reprting perid end date and the prir tw plan year ends Sum f all active lans issued within each reprting perid Includes accunt reductin lans and cllateral lans as applicable Includes lans balances that have defaulted within each reprting perid Offset r deemed lans are nt included Lans that we are nt recrdkeeping are nt included (lan balances that are listed as a narrative) Lan Details Number f participants with utstanding lan(s) balance(s) Ttal cunt includes the number f participants wh have ne r mre utstanding lan balances Average balance f utstanding participant lans Plan Review Package User Guide June 2016 Page 26 f 31

27 Calculatin includes ttal balance f all participant s accunt reductin lans and/r cllateral lans, as applicable, divided by the ttal number f utstanding participant lans Includes lans balances that are in a default status Offset r deemed lans are nt included Lans that we are nt recrdkeeping are nt included (lan balances that are listed as a narrative) Percentage f plan participants with an utstanding lan balance Calculatin f the percentage f all actively emplyed eligible participants divided by the ttal number f participants with ne r mre utstanding lan balances Plan Review Package User Guide June 2016 Page 27 f 31

28 Web Site Utilizatin Page Descriptin: Participant Web Site Utilizatin reflecting Activity Detail fr Ttal number f web site users, Accunt Inquiries, and Accunt Changes, as f the current reprting perid end date and prir tw plan year ends Pie chart illustratin reflecting percentage f Web Site Activity Summary by Accunt Inquiries and Accunt Changes, as f the current reprting perid and prir tw plan year ends What the Data Means: Activity Detail Ttals Includes Average Distinct Users wh have successfully accessed the Web Site (regardless f frequency) during the current reprting perid and prir tw plan year ends Ttal Lgins include the number f lgins int the Web Site during the current reprting perid and prir tw plan year ends Accunt Inquiries Includes the mst cmmnly visited pages that have been accessed n the Web Site during the current reprting perid and prir tw plan year ends Accunt Changes Includes the mst cmmnly cmpleted transactins fr which accunt changes have been made via the Web Site during the current reprting perid and prir tw plan year ends Due t the recently redesigned participant websites, sme f the categries have been renamed. As a result, similarly named categries representing the same transactin will be reflected. These will be indicated, as applicable. Activity Summary Pie chart illustratin reflecting percentage f Web Site Activity Summary by Accunt Inquiries and Accunt Changes, as f the current reprting perid and prir tw plan year ends If n activity ccurred during a reprting perid, the message ***There is n activity fr this reprting perid*** will be displayed Plan Review Package User Guide June 2016 Page 28 f 31

29 Vice Respnse Utilizatin Page Descriptin: Participant Vice Respnse Utilizatin reflecting Activity Detail fr Ttal vice respnse users, Accunt Inquiries, and Accunt Changes, as f the current reprting perid end date and prir tw plan year ends Pie chart illustratin reflecting percentage f Vice Respnse Activity Summary by Accunt Inquiries and Accunt Changes, as f the current reprting perid and prir tw plan year ends What the Data Means: Activity Detail Ttals Includes Average Distinct Users wh have accessed the Vice Respnse System (regardless f frequency) during the current reprting perid and prir tw plan year ends Includes participant cunts fr thse wh Opt t Client Service Representatives during the current reprting perid and prir tw plan year ends Ttal Calls include the number f calls t the Vice Respnse System during the current reprting perid and prir tw plan year ends Accunt Inquiries Includes the mst cmmn transactins that have been accessed n the Vice Respnse System during the current reprting perid and prir tw plan year ends Accunt Changes Includes the mst cmmnly cmpleted transactins fr which accunt changes have been made via the Vice Respnse system during the current reprting perid and prir tw plan year ends Activity Summary Pie chart illustratin reflecting percentage f Vice Respnse Activity Summary by Accunt Inquiries and Accunt Changes, as f the current reprting perid and prir tw plan year ends If n activity ccurred during a reprting perid, the message ***There is n activity fr this reprting perid*** will be displayed Plan Review Package User Guide June 2016 Page 29 f 31

30 Services Offered Page Descriptin: Dashbard f plan utilizatin f available administrative services and features (dynamic) as f the Plan Review Package reprt run date What the Data Means: Cmmn Administrative Services are listed alng with plan utilizatin indicating thse that are Available Tday and related Infrmatin if elected and set up n the recrdkeeping system Additinal services and features may be displayed, if applicable (dynamic) Plan Review Package User Guide June 2016 Page 30 f 31

31 Glssary f Terms Page Descriptin: Definitins f terms frequently used thrughut the Plan Review Package What the Data Means: N/A Plan Review Package User Guide June 2016 Page 31 f 31