American Century Retirement Plan

Plan name American Century Retirement Plan
LocationKansas City, MO
Asset size ($MM) >$500 million - $1 billion
Participants1,000 - 4,999
IndustryFinancial Services
Participation rate97%
Average deferral rate12%
# of funds offered35
Investment reviewAnnually
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate4.6%-5%
Default investmentNR
Automatic escalationExactly 1%
Systematic withdrawalsNo
Fee equalizationYes
Match rateOther
% receiving full matchNR
Maximum employer contributionNR
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
RecordkeeperSchwab Retirement Plan Services, Inc.
Footnotes
NRNot Reported
Yes yes
No no
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