Alliant Energy
Plan name | Alliant Energy |
Location | Cedar Rapids, Iowa |
Asset size | >$1b |
# of participants | 4,500 |
Business Category | Utilities |
Participation Rate | 94.6% |
Avg Deferral Rate | 11.3% |
# of Funds Offered | 14 |
Investment Review | Quarterly |
True-up Feature | Yes |
Match Vesting Period | Immediate |
Eligibility | After 30 days |
Default Deferral Rate | 8% |
Default Investment | TDF (all types) |
Auto-Escalation | Opt-in |
Systematic Withdrawals | Yes |
Fee Equalization | Yes |
Match Rate | 50% of the first 6% or 8% of salary based on benefit group |
% Receiving Full Match | >75% |
Max Employer Contribution | 3%–10%* |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
Tax/Estate planning | Yes |
College saving | Yes |
Credit/Debt mgmt | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper: | Empower Retirement |