2017 Best in Class 401(k) Plans | Winner
Johnson & Wales University
| Location | Providence, RI |
| Asset Size | $226.5MM |
| Number of Participants | 1,000 – 4,999 Participants |
| Business | Education |
| Participation rate | 95% |
| Avg. deferral rate | 8.8% |
| No. of funds offered | 18 |
| Investment Review | Quarterly |
| True-up feature | Yes |
| Match Vesting Period | Immediate |
| Eligibility | <3 months |
| Default deferral rate | 4% |
| Default investment | Retail TDF (active) |
| Auto-escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | No |
| Match Rate | 100% of first 4% of salary |
| % receiving full match | >75% |
| Max Employer Contribution | 10.0% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | |
| Recordkeeper | MassMutual Financial Group |
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