2015 Best in Class 401(k) Plans | Winner
FairPoint Communications, Inc.
| Location | Charlotte, North Carolina |
| Asset Size | $479 million |
| Number of Participants | 2,650 |
| Business | Telecommunications |
| Participation Rate | 88% |
| Avg Deferral Rate | 8.30% |
| Number of Funds | 21 |
| Investment Review | Quarterly |
| Fee Review | Annually |
| Fee Equalization | Yes |
| Auto-Enrollment Rate | 5% |
| Auto-Escalation Rate | 1% |
| Re-Enrollment | No |
| Default Investment | Target-date (index) |
| Ret Income Offering | None |
| Vesting Period | 5 years |
| Match Rate | 100% of first 5% of salary |
| % Receiving Full Match | >75% |
| True-Up Match | No |
| Financial Education | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | x |
| Credit/debt mgmt | x |
| Tax/estate planning | x |
| Retiree health costs/savings options | |
| Provider | Transamerica Retirement Solutions |
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