Page 178 - DCAC May 2024 Files

Glossary of terms

Subject Description of terms

Plan • Median Lifetime Income Score: Refer to the Lifetime Income Score subject.
insights: • Contribution rates: Refer to the contribution rates subject.
Plan detail • Participation rate: Refer to the participation rate subject.
• Participant assets: Total of all participant balances. It does not include plan level assets or outstanding loan balances.
• Loan balance: Total amount of all active loans with an outstanding loan balance at month-end.
• Plan level assets: Total amount of plan assets which may include forfeitures, unallocated plan assets, and a plan expense account.

Plan • Eligible participants: Number of actively employed participants that are eligible to contribute to the plan.
insights: • Eligible individuals not participating: Number of actively employed and eligible participants that do not have a deferral election on file that is greater than 0%/$0.
Participant • Participants contributing 10% or less: Number of actively employed and eligible participants that have a deferral election on file that is greater than 0% and less than
detail 11%. Refer to the contribution rates subject for details about how flat dollar deferral elections are handled.
• Participants with a balance: Number of all the participants that have a balance >$0.
• Average account balance: Average total balance of all the participants with a balance >$0.
• Participants with loans: Percent of all the participants with a balance >$0 that have at least 1 active loan with an outstanding balance >$0.
• Participant email addresses captured: Percent of all the participants with a balance >$0 and an email address on file.
• Participants without an email address: Number of all the participants with a balance >$0 and no email address on file.
• Terminated participants with a balance <$5,000: Number of separated from service participants that have an account balance that is less than $5,000.
• Terminated participants with a balance <$1,000: Number of separated from service participants that have an account balance that is less than $1,000.

Plan • Investment options: Total number of investment options offered in the plan.
insights: • Average funds utilized: Average of the total number of funds that each participant has a balance in. It is based on all the participants with a balance $>0.
Investment • Participants using advisory services: Percent of all the participants with a balance >$0 that are using an available managed account service or online advice service.
detail • Participants using Target-date strategy: Percent of all the participants with a balance >$0 that have been classified as using the Target-date investment strategy.
• Participants using Risk-based strategy: Percent of all the participants with a balance >$0 that have been classified as using the Risk-based investment strategy.
• Participants using asset allocation model strategy: Percent of all the participants with a balance >$0 that have been classified as using the asset allocation model
investment strategy.
• Participants using Do-it-yourself strategy: Percent of all the participants with a balance >$0 that have been classified as using the Do-it-yourself investment strategy.

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