Johnsonville, LLC

FINALIST

Sophie Menting
Total Rewards Analyst

Location:

Sheboygan Falls, Wisconsin
Industry:

Manufacturing
Plan(s) Offered:

401(k)
Plan Assets:

$326.8M
Number of Participants:

3,875
DC Plan Participation Rate:

90.6%
DC Plan Average Deferral Rate:

6%
Automatic Enrollment:

Yes
Automatic Escalation:

No
Default Deferral Rate for Auto-Enrollment:

3%
Default Investment Fund:

T. Rowe Price target-date funds
DC Plan Employer Contribution:

100% of 6%
Recordkeeper:

T. Rowe Price Retirement Plan Services Inc.
Plan Adviser:

Francis LLC
Financial Wellness Educator(s):

Francis LLC; T. Rowe Price Retirement Plan Services Inc.

Over the past several years, sausage producer Johnsonville has transformed its 401(k) plan through a disciplined, participant‑focused strategy. With the help of its retirement plan adviser, the company strengthened governance, enhanced the committee’s effectiveness and ensured fiduciary training across the team. A comprehensive recordkeeper request for proposals resulted in gaining a trusted new partner, reducing participant costs and, the company wrote, better addressing employee needs. In moving to a traditional safe harbor plan, it increased its employer match and added a Roth conversion and after‑tax contributions. Complementing these changes, financial wellness services now provide personalized guidance, including bilingual advisers to coach Spanish-speaking workers.

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