2016 Best in Class 401(k) Plans | Winner
RGA Reinsurance Company
Location | Chesterfield, MO |
Asset Size | $202 million |
Number of Participants | 1,000 – 4,999 participants |
Business | Insurance |
Participation rate | 97% |
Avg. deferral rate | 10.4% |
No. of funds offered | 22 |
Investment Review | Quarterly |
True-up Match | Yes |
Match Vesting Period | Immediately |
Eligibility | Immediately |
Default deferral rate | 5% |
Default investment | Retail TDF (Active) |
Auto escalation | Opt-out |
Ret. Income offering | None |
Fee equalization | Yes |
Match Rate | 100% of first 5% of salary |
% receiving full match | 97% |
Max Employer Contribution | 7% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | x |
Credit/debt mgt | |
Tax/estate planning | x |
Retiree health costs/savings options | x |
Recordkeeper | John Hancock Retirement Plan Services |