Genesee Ceramic Tile Distributors, Inc.

Plan name Genesee Ceramic Tile Distributors, Inc.
LocationBurton, Mich.
Asset size ($MM)$10 million - $25 million
Participants50
IndustryWholesale
Participation rate98%
Average deferral rate14%
# of funds offered21
Investment reviewYes
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityAfter 1 year of employment
Default deferral rate5%
Default investmentProfessionally Managed Account (participant-level allocation model)
Automatic escalationYes - participants are defaulted into auto escalation at time of enrollment unless they opt out; all other participants can opt in at any time
Systematic withdrawalsNo
Fee equalization
Match Rate51%-99% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution4%
Financial Education
Saving/Budgeting
Investing strategies
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options​
RecordkeeperMilliman
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