2021 Best in Class 401(k) Plans | Winner
Steel Dynamics, Inc.
| Plan name | Steel Dynamics, Inc. |
| Location | Fort Wayne, IN |
| Asset size ($mm) | $1,500 |
| Participants | 9,400 |
| Industry | Manufacturing – Industrial Products |
| Participation rate | 93% |
| Average deferral rate | 9.5% |
| # of funds offered | 25 |
| Investment review | Quarterly |
| True-up match | No |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | TDF (all types) |
| Automatic escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
| Â | Â |
| Match rate | More than 100% of first 6% of salary |
| % receiving full match | Â |
| Maximum employer contribution | >10% |
| Â | Â |
| Financial education | Â |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/Debt management | Yes |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Yes |
| Â | |
| Recordkeeper | John Hancock |
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