Blackbaud, Inc.

Plan nameBlackbaud, 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
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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