Essentia Health Retirement Plan

Plan nameEssentia Health Retirement Plan
LocationDuluth, Minnesota
Asset size$1.6b
# of participants19,000
Business Category Health Care
Participation Rate92.0%
Avg Deferral Rate6.6%
# of Funds Offered26
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting PeriodImmediate
EligibilityImmediate
Default Deferral Rate4%
Default InvestmentTDF Trust (Index)
Auto-EscalationYes
Systematic WithdrawalsYes
Fee EqualizationYes
Match Rate50% of first 4% of salary
% Receiving Full Match>90%
Max Employer Contribution5.00%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College saving
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Transamerica Retirement Solutions
Requalified plan
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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