Plan name SIH
LocationCarbondale, Ill.
Asset size ($MM)$200 million - $500 million
Participants4,822
IndustryHealth care organization – not-for-profit
Participation rate94%
Average deferral rate8%
# of funds offered30
Investment reviewYes
True-up matchNo
Match vesting periodImmediately upon enrollment
EligibilityWithin 3 months of employment
Default deferral rate5%
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 withdrawalsYes
Fee equalizationNo, and we have no plans to research this in the short-term
Match Rate51%-99% of first 6% of salary
% receiving full matchVast majority (75% or more)
Maximum employer contribution3%
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
RecordkeeperEmpower Retirement
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