PLANSPONSOR - February/March 2020 - 29

* = Requalified plans.
TLP Management Services LLC
(Denver, Colorado)
>$25mm-$50mm / 500-999 participants / Oil & Gas, Energy
97%
ELIGIBILITY:
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
6.9% DEFAULT DEFERRAL RATE:
27 DEFAULT INVESTMENT:
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
3%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
51%-99% of first 6% of salary
50%-75%
TDF (all types)
Opt-out
Yes
Not applicable
MAX EMPLOYER CONTRIBUTION:Not reported
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
TriMas Corporation*
(Bloomfield Hills, Michigan)
>$50mm-$200mm / 1,000-4,999 participants / Consumer Products
89%
ELIGIBILITY:
8.6% DEFAULT DEFERRAL RATE:
19
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
Immediate
AUTO-ESCALATION:
Veritas
(Heathrow, Florida)
>$200mm-$500mm / 3,200 participants / Technology, Software
93.1%
ELIGIBILITY:
11.8% DEFAULT DEFERRAL RATE:
12
Quarterly
Yes
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
1 year
50% of first 8% of salary
>75%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
>6%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
TDF (all types)
Opt-out
Yes
Not reported
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:
Empower Retirement
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
Immediate
5%
DEFAULT INVESTMENT: Retail TDF (active)
Yes
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
3.75% of first 5% of eligible earnings
50%-75%
MAX EMPLOYER CONTRIBUTION:
Yes
No
3.75%
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:
Fidelity Investments
VanAndel Institute Retirement Savings Plan
(Grand Rapids, Michigan)
>$50mm - $100mm / 500 - 999 participants / Biomedical Research & Education
94%
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:
18
Twice a year
Yes
3 years
100% of first 5% of salary
50%-75%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
5%
Balanced fund
Opt-out
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
MAX EMPLOYER CONTRIBUTION:
Yes
No
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:
Empower Retirement
¶Capped at $6,000.
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.
PLANSPONSOR.COM February - March 2020 29
Wellmark, Inc.
(Des Moines, Iowa)
>$306mm / 2,300 participants / Insurance
94%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
8.9% DEFAULT DEFERRAL RATE:
13
Quarterly
Yes
2 years
100% of first 4% of salary
>75%
DEFAULT INVESTMENT:
AUTO-ESCALATION:
Immediate
4%
SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
TDF (all types)
Opt-out
No
Not reported
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:
Prudential
Westinghouse Electric Company Savings Plan*
(Cranberry Township, Pennsylvania)
$1.4b / 8,000 participants / Nuclear Energy
96.0%
PARTICIPATION RATE:
AVG DEFERRAL RATE:
# OF FUNDS OFFERED:
INVESTMENT REVIEW:
TRUE-UP FEATURE:
MATCH VESTING PERIOD:
MATCH RATE:
% RECEIVING FULL MATCH:
ELIGIBILITY:
10% DEFAULT DEFERRAL RATE:
12
Twice a year
3 years
50% of first 6% of salary
80%
AUTO-ESCALATION:
Immediate
3%
DEFAULT INVESTMENT: Managed account
Yes
No SYSTEMATIC WITHDRAWALS:
FEE EQUALIZATION:
MAX EMPLOYER CONTRIBUTION:
Yes
Yes
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:
Alight Solutions
http://www.PLANSPONSOR.COM
PLANSPONSOR - February/March 2020

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