2021 Best in Class 401(k) Plans | Winner
Tennessee Valley Authority
| Plan name | Tennessee Valley Authority |
| Location | Knoxville, TN |
| Asset size ($mm) | $3,500 |
| Participants | 14,300 |
| Industry | Government Utility |
| Participation rate | 98% |
| Average deferral rate | 12% |
| # of funds offered | 14 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | TDF (all types) |
| Automatic escalation | Opt-in |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
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| Match rate | 100% of first 6% of salary |
| % receiving full match | >90% |
| Maximum employer contribution | 9% |
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| 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 |
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| Recordkeeper | Fidelity |
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