2018 Best in Class 401(k) Plans | Winner
Allianz Asset Accumulation Plan
| Plan Name | Allianz Asset Accumulation Plan |
| Location | Golden Valley, MN |
| Asset Size | $1.5B |
| Number of Participants | 5,000 – 9,999 |
| Business | Insurance / Reinsurance |
| Participation rate | 95.0% |
| Avg. deferral rate | 10.0% |
| No. of funds offered | 15 |
| Investment Review | Quarterly |
| True-up feature | Yes |
| Match Vesting Period | 3 years |
| Eligibility | Immediate |
| Default deferral rate | 3.0% |
| Default investment | Retail Target-Date Fund (Active Management) |
| Auto-escalation | Opt-Out |
| Systematic withdrawals | No |
| Fee equalization | Not applicable |
| Match Rate | 100% of first 7.5% of salary |
| % receiving full match | 75% or more |
| Max Employer Contribution | ≥7.5% |
| Financial education: | |
| Saving/budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/debt mgt | Yes |
| Tax/estate planning | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper | Alight Solutions |
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