Institute of Nuclear Power Operations 401(k) Retirement Savings Plan
Plan name | Institute of Nuclear Power Operations 401(k) Retirement Savings Plan |
Location | Atlanta, GA |
Asset size ($MM) | >$100 million – $200 million |
Participants | 100 – 499 |
Industry | Non-Profit |
Participation rate | 99% |
Average deferral rate | 12% |
# of funds offered | 14 |
Investment review | Every 1 – 2 years |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Immediately upon hire |
Default deferral rate | 6% |
Default investment | Target-date Fund (all types) |
Automatic escalation | Exactly 1% |
Systematic withdrawals | No – do not expect to take action by 06/30/2024 |
Fee equalization | Yes – a policy is in place |
Match Rate | NR |
% 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 | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | Yes |
Recordkeeper | Schwab Retirement Plan Services, Inc. |
Footnotes | |
NR | Not Reported |
Yes | yes |
No | no |