National Grid

LocationWaltham, MA
Asset Size>$1B
Number of Participants10,000 or More Participants
BusinessUtilities
Participation rate94%
Avg. deferral rate11.3%
No. of funds offered9
Investment ReviewTwice a year
True-up featureYes
Match Vesting Period3 years
Eligibility<3 months
Default deferral rate6%
Default investmentRetail TDF (Index)
Auto-escalationOpt-in
Systematic withdrawalsYes
Fee equalizationNo
Match Rate50% of first 8% of salary
% receiving full match>75%
Max Employer Contribution>10.0%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgtx
Tax/estate planningx
Retiree health costs/savings optionsx
  
RecordkeeperVanguard
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