2022 Best in Class 401(k) Plans | Winner
Invesco
![Best in Class 401(k) Plans](https://si-interactive.s3.amazonaws.com/prod/plansponsor-com/wp-content/uploads/2019/02/14113631/2019-BIC-401k-Plans-Profile-logo-.png)
Plan name | Invesco |
Location | Atlanta, Ga. |
Asset size ($MM) | $1.8 billion |
Participants | 5,227 |
Industry | Financial services |
Participation rate | 97% |
Average deferral rate | 5% |
# of funds offered | 23 |
Investment review | Yes |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Immediately upon hire |
Default deferral rate | 6% |
Default investment | Risk-based Lifestyle 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 | No |
Fee equalization | No, and we have no plans to research this in the short-term |
Match Rate | More than 100% of first 6% of salary |
% receiving full match | Vast majority (75% or more) |
Maximum employer contribution | 10% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | Yes |
Recordkeeper | Charles Schwab |