2020 Best in Class 401(k) Plans | Winner
TriMas Corporation
| Plan name | TriMas Corporation |
| Location | Bloomfield Hills, Michigan |
| Asset size | >$50mm–$200mm |
| # of participants | 1,000–4,999 |
| Business Category | Consumer Products |
| Participation Rate | 89.0% |
| Avg Deferral Rate | 8.6% |
| # of Funds Offered | 19 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | Immediate |
| Eligibility | Immediate |
| Default Deferral Rate | 5% |
| Default Investment | Retail TDF (Active) |
| Auto-Escalation | Yes |
| Systematic Withdrawals | Yes |
| Fee Equalization | No |
| Match Rate | 3.75% of first 5% of eligible earnings |
| % Receiving Full Match | 50%–75% |
| Max Employer Contribution | 3.75% |
| 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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