Johnson & Wales University

LocationProvidence, RI
Asset Size$226.5MM
Number of Participants1,000 – 4,999 Participants
BusinessEducation
Participation rate95%
Avg. deferral rate8.8%
No. of funds offered18
Investment ReviewQuarterly
True-up featureYes
Match Vesting PeriodImmediate
Eligibility<3 months
Default deferral rate4%
Default investmentRetail TDF (active)
Auto-escalationOpt-out
Systematic withdrawalsYes
Fee equalizationNo
Match Rate100% of first 4% of salary
% receiving full match>75%
Max Employer Contribution10.0%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College saving 
Credit/debt mgt 
Tax/estate planning 
Retiree health costs/savings options 
  
RecordkeeperMassMutual Financial Group
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