Vermeer Corporation

LocationPella, IA
Asset Size>$200MM – $500MM
Number of Participants1,000 – 4,999 Participants
BusinessManufacturing (Industrial Products)
Participation rate94%
Avg. deferral rate8.0%
No. of funds offered22
Investment ReviewQuarterly
True-up featureYes
Match Vesting Period5 years
Eligibility<3 months
Default deferral rate6%
Default investmentBalanced fund
Auto-escalationOpt-out
Systematic withdrawalsYes
Fee equalizationNo
Match Rate50% of first 6% of salary
% receiving full match51% – 74%
Max Employer Contribution3.0%
  
Financial education: 
Saving/budgetingx
Investing strategies 
College saving 
Credit/debt mgt 
Tax/estate planning 
Retiree health costs/savings optionsx
  
RecordkeeperAlerus Retirement and Benefits
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