2019 Best in Class 401(k) Plans | Winner
Blackbaud, Inc.
| Plan name | Blackbaud, Inc. Retirement Savings Plan |
| Location | Charleston, South Carolina |
| Asset size | $323.5M |
| Participants | 2,974 |
| Industry | Technology/Computers/Software |
| Participation rate | 91% |
| Average deferral rate | 7.7% |
| # of funds offered | 15 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | 2 years (cliff) |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | Managed Account |
| Automatic escalation | Opt-in |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
| Match rate | 50% on the first 6% of salary deferrals |
| % receiving full match | >75% |
| Maximum employer contribution | 3% |
| Financial education: | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/Debt management | |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper | Bank of America Merrill Lynch |
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