Rensselaer Defined Contribution Plan
| Plan name | Rensselaer Defined Contribution Plan |
| Location | Troy, NY |
| Asset size ($MM) | >$100 million – $200 million |
| Participants | 1,000 – 4,999 |
| Industry | Not Reported |
| Participation rate | 100% |
| Average deferral rate | 10% |
| # of funds offered | 12 |
| Investment review | Annually |
| True-up match | No |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 1 – 1.5% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | More than 1% |
| Systematic withdrawals | No – do not expect to take action by 06/30/2024 |
| Fee equalization | Yes – a policy is in place |
| Match Rate | Simple Traditional Match - i.e., 100% of first 3% of employee contribution or similar |
| % 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 | No |
Credit/Debt management | No |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | No |
| Recordkeeper | Fidelity Investments |
| Footnotes | |
| NR | Not Reported |
| Yes | yes |
| No | no |
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