2018 Best in Class 401(k) Plans | Winner
St. Paul Radiology, P.A. and Affiliates Profit Sharing Plan
Plan Name | St. Paul Radiology, P.A. and Affiliates Profit Sharing Plan |
Location | St. Paul , MN |
Asset Size | >$100 million – $200 million |
Number of Participants | 100 – 499 |
Business | Health Care |
Participation rate | 97.0% |
Avg. deferral rate | 7.0% |
No. of funds offered | 16 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | Immediate |
Eligibility | After 1 year |
Default deferral rate | 4.0% |
Default investment | Retail Target-Date Fund (Indexed) |
Auto-escalation | Opt-Out |
Systematic withdrawals | Yes |
Fee equalization | No |
Match Rate | 100%% of first 3% of salary |
% receiving full match | 90% or more |
Max Employer Contribution | 10.0% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/debt mgt | Yes |
Tax/estate planning | |
Retiree health costs/savings options | Yes |
Recordkeeper | Wells Fargo Institutional Retirement and Trust |