2024 Best in Class 401(k) Plans | Winner
Institute of Nuclear Power Operations 401(k) Retirement Savings Plan
| Plan name | Institute of Nuclear Power Operations 401(k) Retirement Savings Plan |
| Location | Atlanta, GA |
| Asset size ($MM) | >$100 million – $200 million |
| Participants | 100 – 499 |
| Industry | Oil & Gas/Energy |
| Participation rate | 99% |
| Average deferral rate | 12% |
| # of funds offered | 14 |
| Investment review | Every 1 – 2 years |
| True-up match | Yes |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | Exactly 1% |
| Systematic withdrawals | No – do not expect to take action by 06/30/2024 |
| Fee equalization | Yes – a policy is in place |
| Match Rate | NR |
| % receiving full match | All or nearly all participants (90% or more) |
| Maximum employer contribution | 4% |
| 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 |
| Recordkeeper | Schwab Retirement Plan Services, Inc. |
| Footnotes | |
| NR | Not Reported |
| Yes | yes |
| No | no |
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