2016 Best in Class 401(k) Plans | Winner
Flexera Software LLC
| Location | Itasca, IL |
| Asset Size | $43.9 million |
| Number of Participants | 500 – 999 participants |
| Business | Technology |
| Participation rate | 95% |
| Avg. deferral rate | 10.3% |
| No. of funds offered | 24 |
| Investment Review | Quarterly |
| True-up Match | Yes |
| MatchVesting Period | 3 years |
| Eligibility | Immediately |
| Default deferral rate | 6% |
| Default investment | Retail TDF (Index) |
| Auto escalation | Opt-out |
| Ret. Income offering | None |
| Fee equalization | Unsure/Don’t know |
| Match Rate | 20% of deferrals; max 12% of pay |
| % receiving full match | >90% |
| Max Employer Contribution | 12% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | |
| Recordkeeper | ADP Retirement Services |
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