2020 Best in Class 401(k) Plans | Winner
Providence St. Joseph Health
| Plan name | Providence St. Joseph Health |
| Location | Renton, Washington |
| Asset size | $269mm |
| # of participants | 4,800 |
| Business Category | Health Care |
| Participation Rate | 93.4% |
| Avg Deferral Rate | 8.8% |
| # of Funds Offered | 14 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | Immediately upon enrollment |
| Eligibility | Immediate |
| Default Deferral Rate | 6% |
| Default Investment | CIT TDF (Index) |
| Auto-Escalation | Yes |
| Systematic Withdrawals | Yes |
| Fee Equalization | Yes |
| Match Rate | 50% of first 3-6% |
| % Receiving Full Match | 81% |
| Max Employer Contribution | 4.5%–9% |
| Financial Education | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| Tax/Estate planning | |
| College saving | Yes |
| Credit/Debt mgmt | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper: | Fidelity Investments |
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