West Bend Mutual Insurance Company

Plan name
West Bend Mutual Insurance Company Employee Savings Plan
Location West Bend, Wisconsin
Asset size $273.0MM
Participants 1,300
Industry Property and Casualty Insurance
Participation rate 96%
Average deferral rate 8.9%
# of funds offered 32
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 6%
Default investment Institutional Target-date Fund (Active or Indexed)
Automatic escalation Opt-in
Systematic withdrawals Yes
Fee equalization Yes
Match rate 67% on the first 6% of salary deferrals
% receiving full match >75%
Maximum employer contribution 13%
Financial education:
Saving/Budgeting Yes
Investing strategies
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Fidelity Investments
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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