2023 Best in Class 401(k) Plans | Winner
HDR, Inc.
| Plan name | HDR, Inc. |
| Location | Omaha, Nebraska |
| Asset size ($MM) | More than $1 billion |
| Participants | 10,000 - 19,999 |
| Industry | Architecture, Engineering |
| Participation rate | 97% |
| Average deferral rate | 13% |
| # of funds offered | 16 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 6% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | Exactly 1% |
| Systematic withdrawals | No |
| Fee equalization | Yes, a policy is in place |
| Match Rate | 100% of first 6% of salary |
| % receiving full match | All or nearly all participants (90% or more) |
| Maximum employer contribution | 5% |
| Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | No |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | No |
| Recordkeeper | Charles Schwab |
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