Plan name Unitil
LocationHampton, New Hampshire
Asset size ($MM)$100 million - $200 million
Participants500 - 999
IndustryUtilities
Participation rate99%
Average deferral rate12%
# of funds offered15
Investment reviewQuarterly
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityAfter 4 to 11 months of employment
Default deferral rate3.1-3.5%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsNo
Fee equalizationYes, a policy is in place
Match Rate100% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution10%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
No
Tax/Estate planning
No
Retiree health costs/savings options​
No
RecordkeeperJohn Hancock
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