PLANSPONSOR - September - October 2023 - 30

AWARDS | 2023 BEST IN CLASS 401(k) PLANS
NCCI Holdings Inc.
Boca Raton, Florida
Reynolds Consumer Products
Lake Forest, Illinois
>$200mm - $500mm | 1,000 - 4,999 participants | Fin svcs; Insur/Reinsur
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
99%
16
Yes
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
6%
SYSTEMATIC WITHDRAWALS:
100% of 6%
No
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
No
AVERAGE DEFERRAL RATE:
INVESTMENT REVIEW:
MATCH VESTING PERIOD:
DEFAULT DEFERRAL RATE:
11%
Quarterly
2 years
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
5.1% - 5.5%
1%
≥90%
Yes
Credit/Debt Management
Tax/Estate planning
Retiree health costs
No
No
No
Target-date fund
Schwab Retirement Plan Services
United Farmers Cooperative
Winthrop, Minnesota
$25mm - $50mm | 100 - 499 participants | Agriculture
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
91%
25
Unsure
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Within 3 months
4%
SYSTEMATIC WITHDRAWALS:
51% - 99% of 6%
Yes
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
No
AVERAGE DEFERRAL RATE:
INVESTMENT REVIEW:
7%
MATCH VESTING PERIOD:
DEFAULT DEFERRAL RATE:
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
Twice a year
Immediate
4.6% - 5%
1%
≥90%
Not reported
Credit/Debt Management
Tax/Estate planning
Retiree health costs
No
Yes
No
Target-date fund
John Hancock
>$500mm - $1b | 1,000 - 4,999 participants | Mfg: Consumer products
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
95%
17
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
6%
SYSTEMATIC WITHDRAWALS:
100% of 6%
Yes
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
No
AVERAGE DEFERRAL RATE:
INVESTMENT REVIEW:
No MATCH VESTING PERIOD:
DEFAULT DEFERRAL RATE:
9%
Quarterly
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
Immediate
6%
1%
≥75%
Yes
Credit/Debt Management
Tax/Estate planning
Retiree health costs
Yes
Yes
No
Target-date fund
Principal Financial Group
Unitil
Hampton, New Hampshire
>$100mm - $200mm | 500 - 999 participants | Utilities
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
99%
15
Yes
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
After 4 to 11 months
10%
SYSTEMATIC WITHDRAWALS:
100% of 6%
No
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
Yes
AVERAGE DEFERRAL RATE:
INVESTMENT REVIEW:
MATCH VESTING PERIOD:
DEFAULT DEFERRAL RATE:
12%
Quarterly
Immediate
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
3.1% - 3.5%
1%
≥90%
Yes
Credit/Debt Management
Tax/Estate planning
Retiree health costs
No
No
No
Target-date fund
John Hancock
30 PLANSPONSOR.COM September - October 2023
http://www.PLANSPONSOR.COM
PLANSPONSOR - September - October 2023

Table of Contents for the Digital Edition of PLANSPONSOR - September - October 2023
