CoBank, ACB Employee Savings Plan

Plan name CoBank, ACB Employee Savings Plan
LocationGreenwood Village, Colorado
Asset size ($MM)$500 million - $1 billion
Participants1,000 - 4,999
IndustryFinancial Services
Participation rate96%
Average deferral rate10%
# of funds offered28
Investment reviewQuarterly
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityWithin 3 months of employment
Default deferral rate5.6-6%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsYes
Fee equalization
Match Rate100% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution6%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
No
Credit/Debt management
Yes
Tax/Estate planning
No
Retiree health costs/savings options​
No
RecordkeeperT. Rowe Price
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