PLANSPONSOR - February/March 2020 - 28

AWARDS | 2020 PLANSPONSOR BEST IN CLASS 401(k) PLANS
* = Requalified plans.
Motorola Solutions 401k Plan*
(Chicago, Illinois)
$5.4b / 10,000 or more participants / Technology, Communications & Svcs
95.0%
ELIGIBILITY:
10% DEFAULT DEFERRAL RATE:
19
Annually
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:
100% of first 4% contributed
>90%
Immediate
5%
TDF
Yes
Yes
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:
Voya Financial
Pitney Bowes*
(Stamford, Connecticut)
>$1b / 10,000 or more participants / Technology
86.6%
Saes Getters / U.S.A. Inc.
(Colorado Springs, Colorado)
$24mm / 182 participants / Industrial Manufacturing
97.4%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
7.4% DEFAULT DEFERRAL RATE:
19
Quarterly
Yes
Immediate
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
5%
TDF (all types)
Opt-out
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
100% of 3% of salary, then 50% of next 2%
>90%
MAX EMPLOYER CONTRIBUTION:
Yes
Yes
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:
Principal
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
7.4% DEFAULT DEFERRAL RATE:
15
Annually
Yes
3 years
AUTO-ESCALATION:
Immediate
6%
DEFAULT INVESTMENT: Retail TDF (active)
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
51%-99% of first 6% of salary
>90%
MAX EMPLOYER CONTRIBUTION:
Yes
No
6%
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:
T. Rowe Price
Providence St. Joseph Health*
(Renton, Washington)
$269mm / 4,800 participants / Health Care
93.4%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
8.8% DEFAULT DEFERRAL RATE:
14
Quarterly
Yes
Immediately
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediately upon hire
6%
CIT§
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
50% of first 3%-6% of salary
81%
MAX EMPLOYER CONTRIBUTION:
TDF (index)
Yes
Yes
Yes
4.5%-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:
Fidelity Investments
Solvay USA
(Houston, Texas)
>$1b / 5,000-9,999 participants / Chemicals
92%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
8% DEFAULT DEFERRAL RATE:
16
Quarterly
Yes
4 years
100% of first 6% of salary
>75%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
6%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
TDF (all types)
Opt-out
No
No
MAX EMPLOYER CONTRIBUTION:
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
thyssenkrupp Materials NA, Inc. 401(k) Plan
(Southfield, Michigan)
>$200mm-$500mm / 5,000-9,999 participants / Material Services
95%
ELIGIBILITY:
Quarterly
Yes
7% DEFAULT DEFERRAL RATE:
20 DEFAULT INVESTMENT:
AUTO-ESCALATION:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
3 years
50% of first 6% of salary
51%-75%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
3%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
Target-risk funds
Opt-out
Yes
Yes
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
§Collective investment trust. 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.
28 PLANSPONSOR.COM February - March 2020
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PLANSPONSOR - February/March 2020

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