2016 Best in Class 401(k) Plans | Winner
PATH
Location | Seattle, WA |
Asset Size | $100 million – $200 million |
Number of Participants | 500 – 999 participants |
Business | Nonprofit |
Participation rate | 95% |
Avg. deferral rate | 9.0% |
No. of funds offered | 20 |
Investment Review | Quarterly |
True-up Match | No |
Match Vesting Period | 1 year |
Eligibility | 3 months |
Default deferral rate | 3% |
Default investment | Retail TDF (Active) |
Auto escalation | Opt-out |
Ret. Income offering | In-Plan/Out-of-Plan |
Fee equalization | Yes |
Match Rate | 100% of first 2% of salary, 50% of next 4% |
% receiving full match | >50%-75% |
Max Employer Contribution | 8% |
Financial education: | |
Saving/budgeting | |
Investing strategies | x |
College saving | |
Credit/debt mgt | |
Tax/estate planning | |
Retiree health costs/savings options | |
Recordkeeper | T. Rowe Price |