Midwest Radiology, P.A.

Plan name Midwest Radiology, P.A.
LocationRoseville, Minn.
Asset size ($MM)$200 million - $500 million
Participants463
IndustryHealth care organization – for-profit
Participation rate97%
Average deferral rate14%
# of funds offered17
Investment reviewYes
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityAfter 1 year of employment
Default deferral rate4%
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 withdrawalsNo
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 contribution3%
Financial Education
Saving/Budgeting
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperPrincipal
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