2020 Best in Class 401(k) Plans | Winner
BlackRock, Inc. / BlackRock Retirement Savings Plan
| Plan name | BlackRock, Inc. / BlackRock Retirement Savings Plan |
| Location | New York, New York |
| Asset size | $2.8b |
| # of participants | 5,000–9,999 |
| Business Category | Financial Services |
| Participation Rate | 97% |
| Avg Deferral Rate | 10% |
| # of Funds Offered | 17 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | 3 years |
| Eligibility | Immediate |
| Default Deferral Rate | 8% |
| Default Investment | Retail TDF (Index) |
| Auto-Escalation | Yes |
| Systematic Withdrawals | Yes |
| Fee Equalization | Not reported |
| Match Rate | 50% of the first 8% of pay, up to $5,000 per plan year |
| % Receiving Full Match | 50%–75% |
| Max Employer Contribution | 6.79% |
| 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: | Bank of America/ Merrill Lynch |
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