2021 Best in Class 401(k) Plans | Winner
Molson Coors Beverage Company
| Plan name | Molson Coors Beverage Company |
| Location | Chicago, IL |
| Asset size ($mm) | $1,950 |
| Participants | 5,000 |
| Industry | Food & Beverage |
| Participation rate | 97% |
| Average deferral rate | 15% |
| # of funds offered | 19 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 4% |
| Default investment | Retail TDF (Index) |
| Automatic escalation | Opt-in |
| Systematic withdrawals | Yes |
| Fee equalization | No |
| Â | Â |
| Match rate | 51% – 99% of first 6% of salary |
| % receiving full match | >90% |
| Maximum employer contribution | 9% |
| Â | Â |
| Financial education | Â |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/Debt management | Â |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Â |
| Â | |
| Recordkeeper | Fidelity |
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