Invesco

Plan name Invesco
LocationAtlanta, Ga.
Asset size ($MM)$1.8 billion
Participants5,227
IndustryFinancial services
Participation rate97%
Average deferral rate5%
# of funds offered23
Investment reviewYes
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentRisk-based Lifestyle Fund
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 equalizationNo, and we have no plans to research this in the short-term
Match RateMore than 100% of first 6% of salary
% receiving full matchVast majority (75% or more)
Maximum employer contribution10%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperCharles Schwab
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