|First Quarter 2021 Comparison with Major Indices||2Q20||3Q20||4Q20||1Q21||12-Mo. Return|
|Dow Jones Industrial Average||15.48||7.63||10.20||7.76||53.78|
|Mid Atlantic Trust Co. 401(k) Benchmark||15.48||6.05||11.80||3.69||41.97|
|Nasdaq Composite (Principal Return)||30.63||11.02||15.70||2.78||72.04|
|Effective Fed Funds Rate||0.05||0.09||0.09||0.09||0.07|
|S&P U.S. Treasury Bond Current 10-Year Index||-6.96||-8.2%|
ABOUT THE MID ATLANTIC 401(k) BENCHMARK
Mid Atlantic Trust Company is a leading financial services organization that provides a wide array of brokerage, advisory, and trust services to a diverse national client base of financial advisors and institutions, asset managers, and benefits administrators through its various subsidiary companies. Because we provide these services, Mid Atlantic Trust Company has plan investment data on over 100,000 401(k) plans representing approximately $120 billion in assets. In response to requests from our institutional clients, we have created the Mid Atlantic Trust Company 401(k) Composite Benchmark. Using data from plans serviced by Mid Atlantic Trust Company with assets of at least $100,000 at the beginning and ending of the month, the Mid Atlantic Trust Company 401(k) Composite Benchmark is designed to reflect the portfolio performance across 401(k) plans serviced, in any capacity, by Mid Atlantic. See the “Methodology” section of this report for details on how the composite benchmark is calculated.
* For the hypothetical participant balances, we used a starting balance based on the average 401(k) participant balance provided by the Investment Company Institute for the Year of the starting balance. In our calculation, we assumed a starting annual salary of $50,000, a combined employee/employer 9% annual contribution rate, and a 3% annual salary increase and applied the monthly rate of return of the Benchmark.