PLANSPONSOR - February/March 2019 - 46

2019 Best in Class 401(k) Plans
American Society of Association Executives
(Washington, D.C.)
$33.1mm / 100 - 499 participants / Nonprofit Organization
94%
ELIGIBILITY:
9.3% DEFAULT DEFERRAL RATE:
18
Annually
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
DEFAULT INVESTMENT:
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
After 6 months
6%
Institutional TDF
Opt-in
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 4% of salary deferrals, then 50% of next 2%
>75%
MAX EMPLOYER CONTRIBUTION:
Yes
Yes
12%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
Empower Retirement
Association of International
Certified Professional Accountants (Durham, North Carolina)
$160.8mm / 812 participants / Industry Association
98%
ELIGIBILITY:
9.3% DEFAULT DEFERRAL RATE:
15
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
AUTO-ESCALATION:
The Chemours Company
(Wilmington, Delaware)
$485.6mm / 4,369 participants / Chemical Manufacturing and Production
94%
ELIGIBILITY:
10% DEFAULT DEFERRAL RATE:
10
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 6% of salary deferrals
>90%
Not applicable
MAX EMPLOYER CONTRIBUTION:
6% - 9%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
Bank of America Merrill Lynch
Cleco Corporate Holdings LLC
(Pineville, Louisiana)
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
DEFAULT INVESTMENT: Retail TDF (active)
Opt-out
Yes
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 2% of salary deferrals, then 50% of next 4%
50% - 75%
MAX EMPLOYER CONTRIBUTION:
6.75%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
Charles Schwab
Blackbaud, Inc.
(Charleston, South Carolina)
$323.5mm / 2,974 participants / Technology, Computers, Software
91%
ELIGIBILITY:
7.7% DEFAULT DEFERRAL RATE:
15
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
2 yrs (cliff)
AUTO-ESCALATION:
$341.4mm / 1,400 participants / Utilities
96%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
9.0% DEFAULT DEFERRAL RATE:
11
Quarterly
Immediate
AUTO-ESCALATION:
Immediate
4%
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 6% of salary deferrals
50% - 75%
DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
Yes
Yes
MAX EMPLOYER CONTRIBUTION:
8%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
Empower Retirement
Early Warning
(Scottsdale, Arizona)
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
DEFAULT INVESTMENT: Managed account
Opt-in
Yes
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
50% of first 6% of salary deferrals
>75%
MAX EMPLOYER CONTRIBUTION:
3%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
Bank of America Merrill Lynch
$62.0mm / 830 participants / Technology and Software
95%
ELIGIBILITY:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH RATE:
% RECEIVING FULL MATCH:
7.9% DEFAULT DEFERRAL RATE:
17
Quarterly
Yes
MATCH VESTING PERIOD: 2 yrs (graded)
AUTO-ESCALATION:
Within 2 months
4%
DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
Yes
No
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of the first 4% of salary deferrals
>90%
MAX EMPLOYER CONTRIBUTION:
4%
FINANCIAL EDUCATION:
o Saving/Budgeting o Investing strategies o Tax/Estate planning
o College saving o Credit/Debt mgmt o Retiree health costs/savings options
RECORDKEEPER:
OneAmerica
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
46 PLANSPONSOR.com February - March 2019
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PLANSPONSOR - February/March 2019

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