ASU Enterprise Partners 401(k) Plan

Plan name ASU Enterprise Partners 401(k) Plan
LocationTempe, AZ
Asset size ($MM)>$25 million – $50 million
Participants500 – 999
IndustryEducation - Higher Ed, Nonprofit Organization/Endowment/Foundation
Participation rate100%
Average deferral rate9%
# of funds offered27
Investment reviewAnnually
True-up matchNo
Match vesting period5 years
EligibilityImmediately upon hire
Default deferral rate5.6 – 6%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsNR
Fee equalizationYes – a policy is in place
Match RateSimple Stretch Match - i.e., 50% of first 6% of employee contributions or similar
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution6%
Financial Education
Saving/Budgeting
Yes
Investing strategies
No
College saving
No
Credit/Debt management
No
Tax/Estate planning
No
Retiree health costs/savings options​
Yes
RecordkeeperTIAA
Footnotes
NRNot Reported
Yes yes
No no
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