2015 Best in Class 401(k) Plans | Winner
First National Bank Alaska
| Location | Anchorage, Alaska |
| Asset Size | $67 million |
| Number of Participants | 842 |
| Business | Financial Services |
| Participation Rate | 95% |
| Avg Deferral Rate | 7.90% |
| Number of Funds | 20 |
| Investment Review | Quarterly |
| Fee Review | Annually |
| Fee Equalization | No |
| Auto-Enrollment Rate | 4% |
| Auto-Escalation Rate | 1% |
| Re-Enrollment | Yes |
| Default Investment | Target-date (active) |
| Ret Income Offering | None |
| Vesting Period | >5 years |
| Match Rate | 50% of first 7.5% of salary |
| % Receiving Full Match | >50%–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 | x |
| Provider | The Newport Group |
Get the latest news daily