Tennessee Valley Authority

Plan nameTennessee Valley Authority
LocationKnoxville, TN
Asset size ($mm)$3,500
Participants14,300
IndustryGovernment Utility
Participation rate98%
Average deferral rate12%
# of funds offered14
Investment reviewQuarterly
True-up matchYes
Match vesting period3 years
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentTDF (all types)
Automatic escalationOpt-in
Systematic withdrawalsYes
Fee equalizationYes
  
Match rate100% of first 6% of salary
% receiving full match>90%
Maximum employer contribution9%
  
Financial education 
Saving/BudgetingYes
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
 
RecordkeeperFidelity
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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