ACSI follows retirement plan industry trends by, among other things, reviewing studies and surveys regarding the 401(k) plan designs and features adopted by businesses. PLANSPONSOR, publisher of a newsletter and a magazine, recently released the 2018 research results for its annual Defined Contribution Plan Survey. The results included interesting plan design information about 401(k) plans with less than $1 million in assets, referred to as startup plans. “According to the survey, the majority (73.9%) of start-up plans are safe harbor plans, which do not have to worry about nondiscrimination testing. This compares to 54.4% of DC plans overall in the survey. In addition, three-fourths (75.7%) of start-up plans offer participants the ability to save after-tax contributions in a Roth account.” You can find an article about the survey results for these plans at www.plansponsor.com/start-retirement-plans-will-evolve-plan-design-governance
