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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