2018 Best in Class 401(k) Plans | Winner
VeriSign, Inc. 401(k) Plan
| Plan Name | VeriSign, Inc. 401(k) Plan |
| Location | Reston, VA |
| Asset Size | $322MM |
| Number of Participants | 1,000 – 4,999 |
| Business | Technology / Computers / Software |
| Participation rate | 93.3% |
| Avg. deferral rate | 9.5% |
| No. of funds offered | 24 |
| Investment Review | Quarterly |
| True-up feature | Yes |
| Match Vesting Period | Immediate |
| Eligibility | Immediate |
| Default deferral rate | 6.0% |
| Default investment | Retail Target-Date Fund (Indexed) |
| Auto-escalation | Opt-Out |
| Systematic withdrawals | No |
| Fee equalization | Yes |
| Match Rate | 50% of first 6% of salary |
| % receiving full match | 90% or more |
| Max Employer Contribution | 3.0% |
| 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 | T. Rowe Price |
Get the latest news daily