2016 Best in Class 401(k) Plans | Winner
Amgen
| Location | Thousand Oaks, CA |
| Asset Size | More than $1 billion |
| Number of Participants | 10,000 or more participants |
| Business | Pharmaceuticals |
| Participation rate | 95% |
| Avg. deferral rate | 10.2% |
| No. of funds offered | 18 |
| Investment Review | Quarterly |
| True-up Match | Yes |
| Match Vesting Period | Immediately |
| Eligibility | Immediately |
| Default deferral rate | 5% |
| Default investment | Managed Account |
| Auto escalation | Opt-out |
| Ret. Income offering | None |
| Fee equalization | Yes |
| Match Rate | 100% of first 5% of salary |
| % receiving full match | >90% |
| Max Employer Contribution | 10% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | x |
| Recordkeeper | Bank of America Merrill Lynch |
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