Vantage Data Centers Management Company LLC

FINALIST

Sharif Metwalli
Chief Financial Officer, North America

Location:

Denver, Colorado
Industry:

Technology
Plan(s) Offered:

401(k)
Plan Assets:

$72.3M
Number of Participants:

1,059
DC Plan Participation Rate:

90%
DC Plan Average Deferral Rate:

6.49%
Automatic Enrollment:

Yes
Automatic Escalation:

Yes
Default Deferral Rate for Auto-Enrollment:

5%
Default Investment Fund:

FlexPATH Index Moderate Retire TD Series CL R1
DC Plan Employer Contribution:

100% of 5%
Recordkeeper:

Fidelity Investments
Plan Adviser:

IMA Retirement
Financial Wellness Educator(s):

IMA Retirement; Truist Momentum; Fidelity Investments

Vantage Data Centers, a designer, developer and operator of data centers and campuses, took numerous steps to improve its participants’ outcomes, among them: changing recordkeepers; moving to multi-glide-path target-date funds; raising the plan’s default deferral rate to 5%; adding funds agreeable to its Muslim employees; allowing for in-plan Roth rollovers; and offering a financial wellness solution, which gives employees access to a financial adviser. To undergird its efforts, Vantage launched an internal financial literacy series focused on empowering employees to make informed decisions, starting with contributing at least enough to receive the full employer match, so they leave no money on the table.

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