Savannah River Nuclear Solutions, LLC

Plan name The Savannah River Nuclear Solutions, LLC Defined Contribution Plan
Location Aiken, South Carolina
Asset size $1.94B
Participants 9,760
Industry Federal Government Contractor
Participation rate 96%
Average deferral rate 9.8%
# of funds offered 14
Investment review Quarterly
True-up match Yes
Match vesting period 3 years (cliff)
Eligibility Immediately upon hire
Default deferral rate 8%
Default investment Institutional Target-date Fund (Active or Indexed)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization No
Match rate $0.50 per $1 up to 6% or 8% of pay based on benefit group
% receiving full match >75%
Maximum employer contribution 9%
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 Transamerica
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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