2016 Best in Class 401(k) Plans | Winner
Aggreko, LLC
Location | Houston, TX |
Asset Size | $100 million – $200 million |
Number of Participants | 1,000 – 4,999 participants |
Business | Equipment Rental/Leasing |
Participation rate | 91% |
Avg. deferral rate | 8.3% |
No. of funds offered | 20 |
Investment Review | Quarterly |
True-up Match | Yes |
Match Vesting Period | 2 years |
Eligibility | 3 months |
Default deferral rate | 3% |
Default investment | Retail TDF (Active) |
Auto escalation | Opt-out |
Ret. Income offering | None |
Fee equalization | Yes |
Match Rate | 100% of first 1%, 50% of next 5% |
% receiving full match | >75% |
Max Employer Contribution | 8% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | x |
Credit/debt mgt | x |
Tax/estate planning | x |
Retiree health costs/savings options | x |
Recordkeeper | Empower Retirement |