Van Andel Institute
| Plan name | Van Andel Institute |
| Location | Grand Rapids, Mich. |
| Asset size ($MM) | $50 million - $100 million |
| Participants | 634 |
| Industry | Life science, research and education |
| Participation rate | 95% |
| Average deferral rate | 8% |
| # of funds offered | 18 |
| Investment review | Yes |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 5% |
| Default investment | Balanced Fund |
| Automatic escalation | Yes - participants are defaulted into auto escalation at time of enrollment unless they opt out; all other participants can opt in at any time |
| Systematic withdrawals | Yes |
| Fee equalization | No, and we have no plans to research this in the short-term |
| Match Rate | 100% of first 6% of salary |
| % receiving full match | More than average (more than 50% but less than 75%) |
| Maximum employer contribution | 4% |
| 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 |
| Recordkeeper | Empower Retirement |
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