2016 Best in Class 401(k) Plans | Winner
RobbinsGioia
Location | Alexandria, VA |
Asset Size | $38 million |
Number of Participants | 500 – 999 participants |
Business | Consulting |
Participation rate | 84% |
Avg. deferral rate | 7.3% |
No. of funds offered | 18 |
Investment Review | Quarterly |
True-up Match | No |
Match Vesting Period | Immediately |
Eligibility | < 3 months |
Default deferral rate | 3% |
Default investment | Managed Account |
Auto escalation | Opt-in |
Ret. Income offering | None |
Fee equalization | Yes |
Match Rate | 50% of first 6% of salary |
% receiving full match | >50%-75% |
Max Employer Contribution | 3% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | x |
Credit/debt mgt | x |
Tax/estate planning | |
Retiree health costs/savings options | x |
Recordkeeper | Bank of America Merrill Lynch |