|
Plan name
|
Taylor Guitars Savings and Retirement Plan
|
|
Location
|
El Cajon, California
|
|
Asset size
|
$36.7MM
|
| Participants
|
465
|
|
Industry
|
Manufacturing – Consumer Products
|
|
Participation rate
|
>89%
|
|
Average deferral rate
|
8.0%
|
|
# of funds offered
|
17
|
|
Investment review
|
Quarterly
|
|
True-up match
|
Yes
|
|
Match vesting period
|
2 years (cliff)
|
|
Eligibility
|
Within 3 months of employment
|
|
Default deferral rate
|
5%
|
|
Default investment
|
Allocation Models
|
|
Automatic escalation
|
Opt-out
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
Yes
|
|
|
|
|
Match rate
|
100% on the first 5% of salary deferrals
|
|
% receiving full match
|
>65%
|
|
Maximum employer contribution
|
7%
|
|
|
|
|
Financial education:
|
|
|
Saving/Budgeting
|
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
|
|
Credit/Debt management
|
|
|
Tax/Estate planning
|
|
|
Retiree health costs/savings options
|
|
|
|
|
|
Recordkeeper
|
Principal Financial Group
|
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