2018 Best in Class 401(k) Plans | Winner
Sub-Zero/Wolf Employees' Profit Sharing and 401(k) Savings Plan
| Plan Name | Sub-Zero/Wolf Employees’ Profit Sharing and 401(k) Savings Plan |
| Location | Madison, WI |
| Asset Size | $187MM |
| Number of Participants | 1,000 – 4,999 |
| Business | Manufacturing – Consumer Products |
| Participation rate | 96.0% |
| Avg. deferral rate | 9.0% |
| No. of funds offered | 18 |
| Investment Review | Quarterly |
| True-up feature | Yes |
| Match Vesting Period | Immediate |
| Eligibility | After 1 month |
| Default deferral rate | 5.0% |
| Default investment | Retail Target-Date Fund (Indexed) |
| Auto-escalation | Opt-Out |
| Systematic withdrawals | Yes |
| Fee equalization | No |
| Match Rate | <50% of first 6% of salary |
| % receiving full match | 75% or more |
| Max Employer Contribution | >10% |
| Financial education: | |
| Saving/budgeting | Yes |
| Investing strategies | Yes |
| College saving | |
| Credit/debt mgt | Yes |
| Tax/estate planning | |
| Retiree health costs/savings options | Yes |
| Recordkeeper | John Hancock Retirement Plan Services |
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