Veridian Credit Union

Plan name Veridian Credit Union
LocationWaterloo, Iowa
Asset size ($MM)>$100 million - 200 million
IndustryFinancial – credit union
Participation rate97%
Average deferral rate8%
# of funds offered38
Investment reviewYes
True-up matchYes
Match vesting period5 years
EligibilityImmediately upon hire
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 equalizationYes – a policy is in place
Match Rate100% of first 6% of salary
% receiving full matchVast majority
Maximum employer contribution5%
Financial Education
Investing strategies
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options​
RecordkeeperEmpower Retirement
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