BEST IN CLASS 401(k) PLANS

BEST IN CLASS 401(k) PLANS

As anyone who works in the retirement industry can tell you, there is no one right plan design for every employer. In fact, there may be multiple plan designs...

Reynolds American Inc

LocationWinston-Salem, NC
Asset SizeMore than $1 billion 
Number of Participants10,000 or more participants
Business Consumer Products
Participation rate96%
Avg. deferral rate8.3%
No. of funds offered16
Investment ReviewQuarterly
True-up MatchYes
Match Vesting Period2 years
EligibilityImmediately
Default deferral rate6%
Default investmentRetail TDF (Index)
Auto escalationOpt-out
Ret. Income offeringNone
Fee equalizationYes
Match Rate100% of first 6% of salary
% receiving full match>50%-75%
Max Employer ContributionMore than 10%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgtx
Tax/estate planningx
Retiree health costs/savings optionsx
  
RecordkeeperFidelity Investments

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