|
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 |
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