2018 Best in Class 401(k) Plans | Winner
Sony USA 401(k) Plan
Plan Name | Sony USA 401(k) Plan |
Location | New York, NY |
Asset Size | $3.49B |
Number of Participants | 23,996 |
Business | Technology & Entertainment |
Participation rate | 92.2% |
Avg. deferral rate | 9.0% |
No. of funds offered | 12 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | Immediate |
Eligibility | Immediate |
Default deferral rate | 6.0% |
Default investment | Institutional Target-Date Fund |
Auto-escalation | Opt-Out |
Systematic withdrawals | Yes |
Fee equalization | Not applicable |
Match Rate | 100% of first 3% of salary; 50% of next 3% |
% receiving full match | 65% or more |
Max Employer Contribution | 8.0% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | |
College saving | |
Credit/debt mgt | |
Tax/estate planning | |
Retiree health costs/savings options | |
Recordkeeper | Empower Retirement |