PLANSPONSOR - February/March 2020 - 26

AWARDS | 2020 PLANSPONSOR BEST IN CLASS 401(k) PLANS
* = Requalified plans.
DENSO International America, Inc.*
(Southfield, Michigan)
$1.7b / 14,000 participants / Tier 1 Auto Supplier
92.9%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
8.1% DEFAULT DEFERRAL RATE:
21
Quarterly
Yes
4 years
DEFAULT INVESTMENT:
AUTO-ESCALATION:
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of the first 4% of salary
>90%
MAX EMPLOYER CONTRIBUTION:
Immediate
4%
Custom TDF
Yes
Yes
Yes
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:
Empower Investments
Development Corporation for Israel
(New York, New York)
>$25mm-$50mm / 100-499 participants / Financial Services
99.4%
ELIGIBILITY:
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
2 years
100% of first 3% of salary
>90%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Essentia Health Retirement Plan*
(Duluth, Minnesota)
$1.6b / 19,000 participants / Health Care
92%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
Quarterly
Yes
Immediate
50% of first 4% of salary
>90%
6.6% DEFAULT DEFERRAL RATE:
26 DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
4%
TDF trust (index)
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
MAX EMPLOYER CONTRIBUTION:
Yes
Yes
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:
Transamerica Retirement Solutions
Francis Investment Counsel LLC Retirement Savings Plan*
(Brookfield, Wisconsin)
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
10.4% DEFAULT DEFERRAL RATE:
21
Monthly entry dates
4%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
TDF (all types)
Opt-out
Yes
No
MAX EMPLOYER CONTRIBUTION:
5%-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:
OneAmerica
Eastman
(Kingsport, Tennessee)
$3.2b/ 15,800 participants / Chemical Manufacturing
93%
ELIGIBILITY:
11.5%
14
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
DEFAULT DEFERRAL RATE:
DEFAULT INVESTMENT:
AUTO-ESCALATION:
$6mm / <100 participants / Financial Services
91%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
11.9% DEFAULT DEFERRAL RATE:
17
Quarterly
Yes
Immediate
50% of first 10% of salary
>90%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
MAX EMPLOYER CONTRIBUTION:
Monthly entry dates
5%
Custom TDF
Yes
Yes
Yes
5%-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:
Milliman Inc.
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
7%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
50% of first 7% of eligible earnings
80%
TDF (all types)
Opt-out
Yes
Yes
MAX EMPLOYER CONTRIBUTION:
8.5%
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:
Fidelity Investments
Freeport-McMoRan
(Phoenix, Arizona)
>$1b / 13,014 participants / Mining
96.6%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
Quarterly
Yes
Immediate
100% up to 5% of salary
>90%
7.8% DEFAULT DEFERRAL RATE:
23 DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
5%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
TDF (all types)
Opt-out
Yes
Yes
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
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.
26 PLANSPONSOR.COM February - March 2020
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PLANSPONSOR - February/March 2020

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