2022 Best in Class 401(k) Plans | Winner
Genesee Ceramic Tile Distributors, Inc.
![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 | Genesee Ceramic Tile Distributors, Inc. |
Location | Burton, Mich. |
Asset size ($MM) | $10 million - $25 million |
Participants | 50 |
Industry | Wholesale |
Participation rate | 98% |
Average deferral rate | 14% |
# of funds offered | 21 |
Investment review | Yes |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | After 1 year of employment |
Default deferral rate | 5% |
Default investment | Professionally Managed Account (participant-level allocation model) |
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 |
Match Rate | 51%-99% of first 6% of salary |
% receiving full match | All or nearly all participants (90% or more) |
Maximum employer contribution | 4% |
Financial Education | |
Saving/Budgeting | |
Investing strategies | |
College saving | |
Credit/Debt management | |
Tax/Estate planning | |
Retiree health costs/savings options​ |
Recordkeeper | Milliman |