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
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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