|
Plan name
|
Retirement Savings Plan for Employees of Seacoast National Bank
|
|
Location
|
Stuart, Florida
|
|
Asset size
|
$65.6MM
|
| Participants
|
1,092
|
|
Industry
|
Commerical Banking
|
|
Participation rate
|
98%
|
|
Avg. deferral rate
|
6.4%
|
|
# 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
|
3%
|
|
Default investment
|
Retail Target-date Fund (Indexed)
|
|
Automatic escalation
|
Opt-out
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
Yes
|
|
|
|
|
Match rate
|
100% on the first 3% of salary deferrals; then 50% on next the 2%
|
|
% receiving full match
|
>60%
|
|
Maximum employer contribution
|
6%
|
|
|
|
|
Financial education:
|
|
| Saving/Budgeting |
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
|
|
Credit/Debt management
|
|
|
Tax/Estate planning
|
|
|
Retiree health costs/savings options
|
Yes
|
|
|
|
|
Recordkeeper
|
OneAmerica
|
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