| 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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