2016 Best in Class 401(k) Plans | Winner
Tennessee Valley Authority
| Location | Knoxville, TN |
| Asset Size | $2 billion |
| Number of Participants | 15,500 |
| Business | Utilities |
| Participation rate | 97% |
| Avg. deferral rate | 11.6% |
| No. of funds offered | 14 |
| Investment Review | Quarterly |
| True-up Match | Yes |
| Match Vesting Period | 3 years |
| Eligibility | Immediately |
| Default deferral rate | 6% |
| Default investment | Custom TDF (Index) |
| Auto escalation | Opt-in |
| Ret. Income offering | Out-of-Plan |
| Fee equalization | Yes |
| Match Rate | 75% of first 6% of salary |
| % receiving full match | >85% |
| Max Employer Contribution | 9% |
| Financial education: | |
| Saving/budgeting | |
| Investing strategies | x |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | |
| Recordkeeper | Fidelity Investments |
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