Hyder Construction

Plan name Hyder Construction
LocationDenver, Colo.
Asset size ($MM)$5 million - $10 million
Participants52
IndustryBuilding/Construction/Contracting
Participation rate97%
Average deferral rate9%
# of funds offered19
Investment reviewYes
True-up matchNo
Match vesting period2 years
EligibilityWithin 3 months of employment
Default deferral rate6%
Default investmentTarget-date Fund (all types)
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 withdrawalsUnsure /Don't Know
Fee equalizationYes – a policy is in place
Match Rate100% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution4%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperPrincipal Financial Group
E_NOTICE Error in file footer.php at line 224: Undefined variable: tag_list