2017 Best in Class 401(k) Plans | Winner
Veridian Credit Union
| Location | Cedar Falls, IA |
| Asset Size | >$50MM – $100MM |
| Number of Participants | 500 – 999 Participants |
| Business | Credit Union |
| Participation rate | 93% |
| Avg. deferral rate | 7.0% |
| No. of funds offered | 36 |
| Investment Review | Quarterly |
| True-up feature | Yes |
| Match Vesting Period | 5 years |
| Eligibility | Immediate |
| Default deferral rate | 5% |
| Default investment | Retail TDF (active) |
| Auto-escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
| Match Rate | 100% of the first 5% of salary |
| % receiving full match | >75% |
| Max Employer Contribution | >10.0% |
| Financial education: | |
| Saving/budgeting | X |
| Investing strategies | X |
| College saving | |
| Credit/debt mgt | X |
| Tax/estate planning | |
| Retiree health costs/savings options | X |
| Recordkeeper | Empower Retirement |
Get the latest news daily