VanAndel Institute Retirement Savings Plan

Plan nameVanAndel Institute Retirement Savings Plan
LocationGrand Rapids, Michigan
Asset size>$50mm–$100mm
# of participants500–999
Business Category Biomedical Research & Education
Participation Rate94.0%
Avg Deferral Rate7.4%
# of Funds Offered18
Investment ReviewTwice a year
True-up FeatureYes
Match Vesting Period3 years
EligibilityImmediate
Default Deferral Rate5%
Default InvestmentBalanced Fund
Auto-EscalationOpt-out
Systematic WithdrawalsYes
Fee EqualizationNo
Match Rate100% of the first 5% of salary
% Receiving Full Match50%–75%
Max Employer Contribution10.00%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Empower Retirement
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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