2016 Best in Class 401(k) Plans | Winner
Vulcan Materials Company
Location | Birmingham, AL |
Asset Size | $500 million – $1 billion |
Number of Participants | 5,000 – 9,999 participants |
Business | Construction Materials |
Participation rate | 90% |
Avg. deferral rate | 8.3% |
No. of funds offered | 18 |
Investment Review | Annually |
True-up Match | No |
Match Vesting Period | Immediately |
Eligibility | Immediately |
Default deferral rate | 6% |
Default investment | Managed Account |
Auto escalation | Opt-out |
Ret. Income offering | In-Plan |
Fee equalization | Not Applicable |
Match Rate | 100% of first 6% of salary |
% receiving full match | >90% |
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 | Aon Hewitt |