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
|