2019 Best in Class 401(k) Plans | Winner
Thomson Reuters
Plan name | Thomson Reuters 401(k) Savings Plan |
Location | Minneapolis – St. Paul, Minnesota |
Asset size | $3.22B |
Participants | >10,000 |
Industry | Media/Communications/Publishing |
Participation rate | >94% |
Average deferral rate | 9.5% |
# of funds offered | 13 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | 4 years (graded) |
Eligibility | Immediately upon hire |
Default deferral rate | 4% |
Default investment | Institutional Target-date Fund (Active or Indexed) |
Automatic escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | No |
Match rate | 100% on the first 4% of salary deferrals |
% receiving full match | >90% |
Maximum employer contribution | 4% |
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 | Voya Financial |