2016 Best in Class 401(k) Plans | Winner
Pfizer Inc
Location | New York, NY |
Asset Size | $10.8 billion |
Number of Participants | 10,000 or more participants |
Business | Pharmaceuticals |
Participation rate | 95% |
Avg. deferral rate | 8.0% |
No. of funds offered | 14 |
Investment Review | Quarterly |
True-up Match | No |
Match Vesting Period | Immediately |
Eligibility | Immediately |
Default deferral rate | 6% |
Default investment | Institutional TDF (Index) |
Auto escalation | Opt-in |
Ret. Income offering | None |
Fee equalization | No |
Match Rate | 100% of first 3% of salary; 50% of next 3% |
% receiving full match | >90% |
Max Employer Contribution | 12.5% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | |
Credit/debt mgt | x |
Tax/estate planning | |
Retiree health costs/savings options | x |
Recordkeeper | Fidelity Investments |