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
|
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