The Savannah River Nuclear Solutions, LLC, Defined Contribution Plan
| Plan name | The Savannah River Nuclear Solutions, LLC, Defined Contribution Plan |
| Location | Aiken, SC (Savannah River Site) |
| Asset size ($MM) | More than $1 billion |
| Participants | 10,000 – 19,999 |
| Industry | Government/Public Works - County, State and Federal |
| Participation rate | 92% |
| Average deferral rate | 10% |
| # of funds offered | 14 |
| Investment review | Annually |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 8% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | Yes |
| Systematic withdrawals | Yes – plan to add by 06/30/2024 |
| Fee equalization | No |
| Match Rate | Multiple Formulas - i.e., plan has multiple match formulas that cover different segments of participants |
| % 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 | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | Yes |
| Recordkeeper | Transamerica |
| Footnotes | |
| NR | Not Reported |
| Yes | yes |
| No | no |
Get the latest news daily