Boston Scientific Corporation

Plan name Boston Scientific Corporation
LocationMarlborough, Mass.
Asset size ($MM)$5.5 B
Participants29,900
IndustryMedical devices
Participation rate95%
Average deferral rate8%
# of funds offered15
Investment reviewYes
True-up matchNo
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate2%
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 Rate100% of first 6% of salary
% receiving full matchMore than average (more than 50% but less than 75%)
Maximum employer contribution6%
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
RecordkeeperVanguard
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