2016 Best in Class 401(k) Plans | Winner
Louisiana-Pacific Corporation
Location | Nashville, TN |
Asset Size | $200 million – $500 million |
Number of Participants | 1,000 – 4,999 participants |
Business | Industrial Products |
Participation rate | 93% |
Avg. deferral rate | 7.8% |
No. of funds offered | 16 |
Investment Review | Quarterly |
True-up Match | Yes |
Match Vesting Period | 2 years |
Eligibility | Immediately |
Default deferral rate | 6% |
Default investment | Retail TDF (Active) |
Auto escalation | Opt-in |
Ret. Income offering | In-Plan |
Fee equalization | No |
Match Rate | 51%-99% of first 6% of salary |
% receiving full match | >75% |
Max Employer Contribution | 8% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | |
Credit/debt mgt | |
Tax/estate planning | |
Retiree health costs/savings options | |
Recordkeeper | T. Rowe Price |