PLANSPONSOR - September - October 2023 - 28

AWARDS | 2023 BEST IN CLASS 401(k) PLANS
HDR, Inc.
Omaha, Nebraska
Ingevity Corporation
North Charleston, South Carolina
>$1b | 10,000 - 19,999 participants | Architecture, Engineering
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
97%
16
Yes
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
5%
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:
13%
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
Quarterly
3 years
6%
1%
≥90%
Yes
Credit/Debt Management
Tax/Estate planning
Retiree health costs
No
Yes
No
Target-date fund
Schwab Retirement Plan Services
ITW
Glenview, Illinois
>$1b | ≥20,000 participants | Mfg: Ind prod
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
96%
7
Yes
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
5%
SYSTEMATIC WITHDRAWALS:
51%-99% of 6%
Yes
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
No
AVERAGE DEFERRAL RATE:
INVESTMENT REVIEW:
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%
≥90%
Not reported
Credit/Debt Management
Tax/Estate planning
Retiree health costs
Yes
No
Yes
Target-date fund
Empower
>$200mm - $500mm | 1,000 - 4,999 participants | Chem , Mfg: Ind prod
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
95%
17
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
6%
SYSTEMATIC WITHDRAWALS:
100% of 6%
Unsure
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
No
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%
≥90%
Not reported
Credit/Debt Management
Tax/Estate planning
Retiree health costs
Yes
No
Yes
Target-date fund
Empower
Match Group
Dallas, Texas
>$100mm - $200mm | 1,000 - 4,999 participants | Technology
PARTICIPATION RATE:
# OF FUNDS OFFERED:
TRUE-UP MATCH:
ELIGIBILITY:
90%
33
Yes
MAX EMPLOYER CONTRIBUTION:
MATCH RATE:
Immediate
10%
SYSTEMATIC WITHDRAWALS:
100% of 6%
Yes
Investing strategies
College saving
DEFAULT INVESTMENT:
RECORDKEEPER:
Yes
Yes
Yes
INVESTMENT REVIEW:
MATCH VESTING PERIOD:
DEFAULT DEFERRAL RATE:
AVERAGE DEFERRAL RATE:
11%
AUTOMATIC ESCALATION RATE:
% RECEIVING FULL MATCH:
FEE EQUALIZATION:
FINANCIAL EDUCATION TOPICS OFFERED
Saving/Budgeting
Quarterly
2 years
Other
1%
≥75%
Not reported
Credit/Debt Management
Tax/Estate planning
Retiree health costs
No
Yes
Yes
Target-date fund
Schwab Retirement Plan Services
28 PLANSPONSOR.COM September - October 2023
http://www.PLANSPONSOR.COM
PLANSPONSOR - September - October 2023

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