VanAndel Institute Retirement Savings Plan
Plan name | VanAndel Institute Retirement Savings Plan |
Location | Grand Rapids, Michigan |
Asset size | >$50mm–$100mm |
# of participants | 500–999 |
Business Category | Biomedical Research & Education |
Participation Rate | 94.0% |
Avg Deferral Rate | 7.4% |
# of Funds Offered | 18 |
Investment Review | Twice a year |
True-up Feature | Yes |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default Deferral Rate | 5% |
Default Investment | Balanced Fund |
Auto-Escalation | Opt-out |
Systematic Withdrawals | Yes |
Fee Equalization | No |
Match Rate | 100% of the first 5% of salary |
% Receiving Full Match | 50%–75% |
Max Employer Contribution | 10.00% |
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: | Empower Retirement |