Farm Credit Foundations Defined Contribution/401(k) Plan
| Plan Name | Farm Credit Foundations Defined Contribution/401(k) Plan |
| Location | St. Paul, MN |
| Asset Size | $2.65B |
| Number of Participants | More than 10,000 |
| Business | Financial Services |
| Participation rate | 98.0% |
| Avg. deferral rate | 8.9% |
| No. of funds offered | 16 |
| Investment Review | Quarterly |
| True-up feature | No |
| Match Vesting Period | 4 years |
| Eligibility | Immediate |
| Default deferral rate | 6.0% |
| Default investment | Custom Target-Date Fund |
| Auto-escalation | Opt-Out |
| Systematic withdrawals | Yes |
| Fee equalization | No applicable |
| Match Rate | 100% of first 6% of salary |
| % receiving full match | 75% or more |
| Max Employer Contribution | 9.0% |
| Financial education: | |
| Saving/budgeting | Yes |
| Investing strategies | |
| College saving | |
| Credit/debt mgt | Yes |
| Tax/estate planning | |
| Retiree health costs/savings options | Yes |
| Recordkeeper | John Hancock Retirement Plan Services |
Get the latest news every weekday