2020 Best in Class 401(k) Plans | Winner
BlueCross BlueShield of Tennessee
| Plan name | BlueCross BlueShield of Tennessee |
| Location | Chattanooga, Tennessee |
| Asset size | 750mm |
| # of participants | 7,800 |
| Business Category | Health Insurance/Reinsurance, Financial services |
| Participation Rate | 94.0% |
| Avg Deferral Rate | 6.3% |
| # of Funds Offered | 16 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | Immediate |
| Eligibility | Immediate |
| Default Deferral Rate | 5% |
| Default Investment | TDF (all types) |
| Auto-Escalation | Opt-in |
| Systematic Withdrawals | No |
| Fee Equalization | Yes |
| Match Rate | 100% of the first 4% of salary |
| % Receiving Full Match | >75% |
| Max Employer Contribution | 7.50% |
| 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: | Fidelity Investments |
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