2020 Best in Class 401(k) Plans | Winner
Veritas
| Plan name | Veritas |
| Location | Heathrow, Florida |
| Asset size | >$200mm–$500mm |
| # of participants | 3,200 |
| Business Category | Technology, Software |
| Participation Rate | 93.1% |
| Avg Deferral Rate | 11.8% |
| # of Funds Offered | 12 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | 1 year |
| Eligibility | Immediate |
| Default Deferral Rate | > 6% |
| Default Investment | TDF (all types) |
| Auto-Escalation | Opt-out |
| Systematic Withdrawals | Yes |
| Fee Equalization | Not Reported |
| Match Rate | 50% of first 8% of salary |
| % Receiving Full Match | >75% |
| Max Employer Contribution | 4%* |
| Financial Education | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| Tax/Estate planning | |
| College saving | Yes |
| Credit/Debt mgmt | Yes |
| Retiree health costs/savings options | |
| Recordkeeper: | Empower Retirement |
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