2018 Best in Class 401(k) Plans | Winner
ONEOK, Inc. 401(k) Plan
| Plan Name | ONEOK, Inc. 401(k) Plan |
| Location | Tulsa, OK |
| Asset Size | $461MM |
| Number of Participants | 2,800 |
| Business | Oil & Gas / Energy |
| Participation rate | 98.0% |
| Avg. deferral rate | 8.0% |
| No. of funds offered | 14 |
| Investment Review | Quarterly |
| True-up feature | No |
| Match Vesting Period | Immediate |
| Eligibility | Immediate |
| Default deferral rate | 6.0% |
| Default investment | Retail Target-Date Fund (Active Management) |
| Auto-escalation | Opt-in |
| Systematic withdrawals | No |
| Fee equalization | Yes |
| Match Rate | 100% of first 6% of salary |
| % receiving full match | 90% or more |
| Max Employer Contribution | 7% – 12% |
| 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 | Fidelity Investments |
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