2019 Best in Class 401(k) Plans | Winner
FAC Services LLC
Plan name |
Retirement Savings Plan of Flad Affiliated Corp. |
Location | Madison, Wisconsin |
Asset size | $201.0MM |
Participants | 1,000 – 4,999 |
Industry | Architecture and Engineering |
Participation rate | 98% |
Average deferral rate | 9.9% |
# of funds offered | 17 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Within 3 months of employment |
Default deferral rate | 6% |
Default investment | Retail Target-date Fund (Indexed) |
Automatic escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | No |
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 | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper | OneAmerica |