2016 Best in Class 401(k) Plans | Winner
MillerCoors LLC
Location | Milwaukee, WI |
Asset Size | More than $1 billion |
Number of Participants | 5,000 – 9,999 participants |
Business | Food & Beverage Manufacturing |
Participation rate | 93% |
Avg. deferral rate | 8.1% |
No. of funds offered | 16 |
Investment Review | Quarterly |
True-up Match | Yes |
Match Vesting Period | Immediately |
Eligibility | Immediately |
Default deferral rate | 4% |
Default investment | Retail TDF (Index) |
Auto escalation | Opt-in |
Ret. Income offering | Out-of-Plan |
Fee equalization | Considering |
Match Rate | 100% of the first 4% of salary |
% receiving full match | >90% |
Max Employer Contribution | 9% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | x |
Credit/debt mgt | |
Tax/estate planning | x |
Retiree health costs/savings options | |
Recordkeeper | Fidelity Investments |