Alliant Energy

Plan nameAlliant Energy
LocationCedar Rapids, Iowa
Asset size>$1b
# of participants4,500
Business Category Utilities
Participation Rate94.6%
Avg Deferral Rate11.3%
# of Funds Offered14
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting PeriodImmediate
EligibilityAfter 30 days
Default Deferral Rate8%
Default InvestmentTDF (all types)
Auto-EscalationOpt-in
Systematic WithdrawalsYes
Fee EqualizationYes
Match Rate50% of the first 6% or 8% of salary based on benefit group
% Receiving Full Match>75%
Max Employer Contribution3%–10%*
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Empower Retirement
* Based on Benefit Group
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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