PLANSPONSOR - February/March 2019 - 47

FAC Services LLC
(Madison, Wisconsin)
$201.0mm / 1,000 - 4,999 participants / Architecture and Engineering
98%
ELIGIBILITY:
9.9% DEFAULT DEFERRAL RATE:
17
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
AUTO-ESCALATION:
Franklin Templeton Investments
(San Mateo, California)
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Within 3 months
6%
DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
Yes
No
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:
OneAmerica
Farmers State Bank
(Marion, Iowa)
$24.1mm / 185 participants / Commercial Banking
93%
ELIGIBILITY:
7.5%
Quarterly
$1.32b / >5,300 participants / Financial Services
92%
ELIGIBILITY:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH RATE:
% RECEIVING FULL MATCH:
Quarterly
12.3% DEFAULT DEFERRAL RATE:
28 DEFAULT INVESTMENT:
AUTO-ESCALATION:
MATCH VESTING PERIOD: 3 yrs (graded)
Within 1 month
6%
Institutional TDF
Opt-out
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
75% of every dollar contributed with no cap
50% - 75%
Yes
Not applicable
MAX EMPLOYER CONTRIBUTION:
>10%
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
Global Aerospace Inc.
(Parsippany, New Jersey)
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
DEFAULT DEFERRAL RATE:
AUTO-ESCALATION:
Within 1 month
3%
28 DEFAULT INVESTMENT: Retail TDF (active)
Opt-out
No
Not applicable
$61.6mm / 230 participants / Insurance, Reinsurance
99%
ELIGIBILITY:
Annually
MATCH VESTING PERIOD:
MAX EMPLOYER CONTRIBUTION: 10% - 12%
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 3% of salary deferrals, then 50% of next 2%
>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:
Ascensus
FCA US LLC
(Auburn Hills, Michigan)
>$3.7b / 21,000 participants / Automotive Manufacturing
93%
ELIGIBILITY:
11.1% DEFAULT DEFERRAL RATE:
13
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
DEFAULT INVESTMENT:
AUTO-ESCALATION:
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
MAX EMPLOYER CONTRIBUTION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
9.8% DEFAULT DEFERRAL RATE:
15
Within 3 months
4%
Institutional TDF
Opt-out
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of first 4% of salary deferrals
>80%
Yes
No
MAX EMPLOYER CONTRIBUTION: 10% - 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:
Vanguard
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
50% of first 10% of salary deferrals
>70%
Immediate
3%
Custom TDF
Opt-out
No
No
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:
Bank of America Merrill Lynch
Heidelberg USA, Inc.
(Kennesaw, Georgia)
>$200mm - $500mm / 500 - 999 participants / Printing
>97%
ELIGIBILITY:
9.8% DEFAULT DEFERRAL RATE:
Quarterly
Yes
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
3%
20 DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
No
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
50% of first 6% of salary deferrals
>90%
MAX EMPLOYER CONTRIBUTION:
Yes
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:
Empower Retirement
PLANSPONSOR.com February - March 2019 47
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PLANSPONSOR - February/March 2019

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