Connie Burnette Named 2017 Plan Administrator of the Year


Connie Burnette
, PHR, SHRM-CP, Vice President and Department Manager, Human Resources, was recently named 2017 Plan Administrator of the Year by AFS 401(k) Retirement Services, LLC. AFS administers Wiley|Wilson’s 401(k)SOP Retirement Plan. (Watch Connie receive the award here.)

Thanks to Connie’s efforts (and AFS’s guidance), employee-owners are participating in the company’s retirement plan and are doing so at a rate that puts them on track for financial security once they retire. The company’s participation rate outperforms the industry average: 96% of all employee-owners participate compared to the industry average of 72%.

“It is our pleasure at AFS to recognize Connie Burnette as the 2017 Plan Administrator of the Year for her incredible attention to detail and foresight in running one of the most generous and successful (k)SOP retirement programs in the nation,” said Daniel Haverkos, Principal at AFS 401(k) Retirement Services, LLC.

Key benchmark numbers:

​​MeasureWiley|Wilson​Industry Average
 

Employee participation rate

 

​96%

 

72%​

 

​Average participant deferral rate

 

​9%

 

6%​

 

​Plan participants who take advantage
of full employee match

 

​84%

 

54%​

Participants on track to replace
70% or more of income at retirement

 

​73%

 

51%​

 

According to Daniel, AFS has held more than 150 one-on-one sessions with employee-owners over the past five years. Today, the average Wiley|Wilson employee-owner has a 99% Retirement Readiness score, meaning they are on track to replace almost their entire income amount in retirement.

“Connie works very hard on behalf of all of the employee-owner participants,” said Tim Groover, PE, Wiley|Wilson President and COO. “Our exceptionally high participation rates are a reflection of Connie’s efforts to make sure everyone knows the benefits of this very valuable plan. I am thrilled that so many people are using this plan to aggressively prepare for retirement.”