Mann Eye Institute

FINALIST

Moira Long
Chief Human Resources Officer

Location:

Houston, Texas
Industry:

Health care
Plan(s) Offered:

401(k)
Plan Assets:

$30.4M
Number of Participants:

475
DC Plan Participation Rate:

96%
DC Plan Average Deferral Rate:

6%
Automatic Enrollment:

Yes
Automatic Escalation:

No
Default Deferral Rate for Auto-Enrollment:

10%
Default Investment Fund:

American Funds target-date fund
DC Plan Employer Contribution:

100% of 1% + 50% of next 5%
Recordkeeper:

Empower
Plan Adviser:

OneDigital
Financial Wellness Educator(s):

Empower; OneDigital

Eye care center Mann Eye Institute implemented a comprehensive retirement readiness and financial wellness strategy— from governance to personalized planning. Initiatives included an annual Financial Wellness Month, expanded access to financial coaches, ongoing education, and life‑stage resources. The plan raised the automatic escalation cap to 10%; offers in‑plan Roth features and student loan matching; and engaged a 3(38) investment manager. These efforts increased employee engagement; improved saving behaviors; provided added tax planning options; addressed student debt issues; and enhanced retirement and financial security prospects.

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