PLANSPONSOR - February/March 2019 - 48

2019 Best in Class 401(k) Plans
Heitman LLC
(Chicago, Illinois)
>$43.7mm / 300 - 350 participants / Real Estate Investment Management
97%
ELIGIBILITY:
8.1% DEFAULT DEFERRAL RATE:
17
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
4 yrs (graded)
DEFAULT INVESTMENT:
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
Institutional TDF
Opt-out
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
50% of first 6% of salary deferrals
>80%
Yes
Not applicable
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:
John Hancock Retirement Plan Services
Institute of Nuclear Power Operations
(Atlanta, Georgia)
$105.2mm / 475 participants / Nonprofit Organization
97%
ELIGIBILITY:
11.4% DEFAULT DEFERRAL RATE:
16
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:
100% of the first 5% of salary deferrals
>90%
Immediate
6.0%
Custom TDF
Opt-out
Yes
Yes
9% - 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:
Charles Schwab
Lufthansa German Airlines
(East Meadow, New York)
$222.5mm / 2,300 participants / Transportation
98%
9.5%
17
Quarterly
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
2 yrs (cliff)
Marvell
(Santa Clara, California)
$620.5mm / 4,525 participants / Technology and Semiconductors
92%
ELIGIBILITY:
11.4% DEFAULT DEFERRAL RATE:
14
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
DEFAULT INVESTMENT:
AUTO-ESCALATION:
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
Custom TDF
Opt-out
Yes
Not applicable
100% of first 4% of salary deferrals, then 50% of next 2%
>90%
MAX EMPLOYER CONTRIBUTION:
5%
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
Mitsui & Co. (USA), Inc.
(New York, New York)
$115.0mm / 1,024 participants / Business Services
92%
ELIGIBILITY:
8.0% DEFAULT DEFERRAL RATE:
14
Annually
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
5%
DEFAULT INVESTMENT: Retail TDF (index)
Opt-out
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
51% - 99% of first 6% of salary deferrals
>75%
Not applicable
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:
Vanguard
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
ELIGIBILITY:
DEFAULT DEFERRAL RATE:
AUTO-ESCALATION:
Within 3 months
5%
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
7% if the employee defers 5% of salary
>90%
DEFAULT INVESTMENT: Managed account
Opt-out
Yes
Yes
MAX EMPLOYER CONTRIBUTION:
7%
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
PotlatchDeltic
(Spokane, Washington)
>$99.9mm / 718 participants / Forest Products Mfg and Real Estate
>94%
ELIGIBILITY:
9.5%
18
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
2 yrs (cliff)
DEFAULT DEFERRAL RATE:
DEFAULT INVESTMENT:
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
6%
Institutional TDF
Opt-out
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
70% of first 6% of salary deferrals
>75%
Yes
Not applicable
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
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.
48 PLANSPONSOR.com February - March 2019
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PLANSPONSOR - February/March 2019

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