2017 Best in Class 401(k) Plans | Winner
The Hershey Company
| Location | Hershey, PA |
| Asset Size | $1.4B |
| Number of Participants | 10,000 or More Participants |
| Business | Manufacturing (Consumer Products) |
| Participation rate | 92% |
| Avg. deferral rate | 9.1% |
| No. of funds offered | 11 |
| Investment Review | Quarterly |
| True-up feature | No |
| Match Vesting Period | 2 years |
| Eligibility | Immediate |
| Default deferral rate | 4% |
| Default investment | Retail TDF (Index) |
| Auto-escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | No |
| Match Rate | 100% of first 1% of salary; 70% of the next 5% |
| % receiving full match | >75% |
| Max Employer Contribution | 7.5% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | x |
| Recordkeeper | Vanguard |
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