The Savannah River Nuclear Solutions, LLC, Defined Contribution Plan

Plan name The Savannah River Nuclear Solutions, LLC, Defined Contribution Plan
LocationAiken, SC (Savannah River Site)
Asset size ($MM)More than $1 billion
Participants10,000 – 19,999
IndustryGovernment/Public Works - County, State and Federal
Participation rate92%
Average deferral rate10%
# of funds offered14
Investment reviewAnnually
True-up matchYes
Match vesting period3 years
EligibilityImmediately upon hire
Default deferral rate8%
Default investmentTarget-date Fund (all types)
Automatic escalationYes
Systematic withdrawalsYes – plan to add by 06/30/2024
Fee equalizationNo
Match RateMultiple Formulas - i.e., plan has multiple match formulas that cover different segments of participants
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution5%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperTransamerica
Footnotes
NRNot Reported
Yes yes
No no
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