United Farmers Cooperative
Plan name | United Farmers Cooperative |
Location | Winthrop, Minnesota |
Asset size ($MM) | $25 million - $50 million |
Participants | 100 - 499 |
Industry | Agriculture |
Participation rate | 91% |
Average deferral rate | 7% |
# of funds offered | 25 |
Investment review | Twice a year |
True-up match | Unsure / Don't Know |
Match vesting period | Immediately upon enrollment |
Eligibility | Within 3 months of employment |
Default deferral rate | 4.6-5% |
Default investment | Target-date Fund (all types) |
Automatic escalation | Exactly 1% |
Systematic withdrawals | Yes |
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 | Yes |
Investing strategies | Yes |
College saving | No |
Credit/Debt management | No |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | No |
Recordkeeper | John Hancock |