Rensselaer Defined Contribution Plan

Plan name Rensselaer Defined Contribution Plan
LocationTroy, NY
Asset size ($MM)>$100 million – $200 million
Participants1,000 – 4,999
IndustryNot Reported
Participation rate100%
Average deferral rate10%
# of funds offered12
Investment reviewAnnually
True-up matchNo
Match vesting period3 years
EligibilityImmediately upon hire
Default deferral rate1 – 1.5%
Default investmentTarget-date Fund (all types)
Automatic escalationMore than 1%
Systematic withdrawalsNo – do not expect to take action by 06/30/2024
Fee equalizationYes – a policy is in place
Match RateSimple Traditional Match - i.e., 100% of first 3% of employee contribution or similar
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution5%
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
RecordkeeperFidelity Investments
Footnotes
NRNot Reported
Yes yes
No no
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