Regency Centers

Plan name Regency Centers
LocationJacksonville, Fla.
Asset size ($MM)Total plan balance as of 12/31/21 is $147,467,942.
Participants413
IndustryReal estate – REIT
Participation rate97%
Average deferral rate9%
# of funds offered31
Investment reviewYes
True-up matchYes
Match vesting periodImmediately upon enrollment
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 withdrawalsNo
Fee equalizationYes – a policy is in place
Match RateOther
% receiving full matchMore than average (more than 50% but less than 75%)
Maximum employer contributionOther amount (i.e., not tied to percentage of salary)
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
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