Essentia Health Retirement Plan
Plan name | Essentia Health Retirement Plan |
Location | Duluth, Minnesota |
Asset size | $1.6b |
# of participants | 19,000 |
Business Category | Health Care |
Participation Rate | 92.0% |
Avg Deferral Rate | 6.6% |
# of Funds Offered | 26 |
Investment Review | Quarterly |
True-up Feature | Yes |
Match Vesting Period | Immediate |
Eligibility | Immediate |
Default Deferral Rate | 4% |
Default Investment | TDF Trust (Index) |
Auto-Escalation | Yes |
Systematic Withdrawals | Yes |
Fee Equalization | Yes |
Match Rate | 50% of first 4% of salary |
% Receiving Full Match | >90% |
Max Employer Contribution | 5.00% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
Tax/Estate planning | Yes |
College saving | |
Credit/Debt mgmt | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper: | Transamerica Retirement Solutions |