2019 Best in Class 401(k) Plans | Winner
Heitman LLC
Plan name | Heitman Employees Advantage Retirement Plan |
Location | Chicago, Illinois |
Asset size | $43.7MM |
Participants | 300-350 |
Industry | Real Estate Investment Management |
Participation rate | 97% |
Average deferral rate | 8.1% |
# of funds offered | 17 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | 4 years (graded) |
Eligibility | Immediately upon hire |
Default deferral rate | 6% |
Default investment | Institutional Target-date Fund (Active or Indexed) |
Automatic escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | Not applicable |
Match rate | 50% on the first 6% of salary deferrals |
% receiving full match | >80% |
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 | John Hancock Retirement Plan Services |