2019 Best in Class 401(k) Plans | Winner
Seacoast National Bank
| 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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