2019 Best in Class 401(k) Plans | Winner
Global Aerospace Inc.
| Plan name | The Capital Accumulation Plan of Global Aerospace Inc. |
| Location | Parsippany, New Jersey |
| Asset size | $61.6MM |
| Participants | 230 |
| Industry | Insurance/Reinsurance |
| Participation rate | 99% |
| Average deferral rate | 9.8% |
| # of funds offered | 15 |
| Investment review | Annually |
| True-up match | No |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Within 3 months of employment |
| Default deferral rate | 4% |
| Default investment | Institutional Target-date Fund (Active or Indexed) |
| Auto-escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | No |
| Match rate | 100% on the first 4% of salary deferrals |
| % receiving full match | >80% |
| Maximum employer contribution | 10% or 12%, depending on tenure |
| Financial education: | |
| Saving/budgeting | |
| Investing strategies | |
| College saving | |
| Credit/debt mgt | |
| Tax/estate planning | |
| Retiree health costs/savings options | |
| Recordkeeper | Vanguard |
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