2016 Best in Class 401(k) Plans | Winner
Honda North America, Inc.
| Location | Marysville, OH |
| Asset Size | $3 billion |
| Number of Participants | 10,000 or more participants |
| Business | Auto – Manufacturing/Parts |
| Participation rate | 95% |
| Avg. deferral rate | 8.3% |
| No. of funds offered | 11 |
| Investment Review | Quarterly |
| True-up Match | No |
| Match Vesting Period | Immediately |
| Eligibility | 3 months |
| Default deferral rate | 6% |
| Default investment | Institutional TDF |
| Auto escalation | Opt-out |
| Ret. Income offering | None |
| Fee equalization | Unsure/Don’t know |
| Match Rate | 100% of first 6% of salary |
| % receiving full match | >90% |
| Max Employer Contribution | More than 10% |
| Financial education: | |
| Saving/budgeting | |
| Investing strategies | |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | |
| Recordkeeper | Fidelity Investments |
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