2024 Best in Class 401(k) Plans | Winner
ASU Enterprise Partners 401(k) Plan
| Plan name | ASU Enterprise Partners 401(k) Plan |
| Location | Tempe, AZ |
| Asset size ($MM) | >$25 million – $50 million |
| Participants | 500 – 999 |
| Industry | Financial Services |
| Participation rate | 100% |
| Average deferral rate | 9% |
| # of funds offered | 27 |
| Investment review | Annually |
| True-up match | No |
| Match vesting period | 5 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 5.6 – 6% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | Exactly 1% |
| Systematic withdrawals | NR |
| Fee equalization | Yes – a policy is in place |
| Match Rate | Simple Stretch Match - i.e., 50% of first 6% of employee contributions or similar |
| % receiving full match | All or nearly all participants (90% or more) |
| Maximum employer contribution | 6% |
| Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | No |
College saving | No |
Credit/Debt management | No |
Tax/Estate planning | No |
Retiree health costs/savings options​ | Yes |
| Recordkeeper | TIAA |
| Footnotes | |
| NR | Not Reported |
| Yes | yes |
| No | no |
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