Engie Holdings Inc.

FINALIST

Rebecca Owens
Benefits Manager

Location:

Houston, Texas
Industry:

Utility
Plan(s) Offered:

401(k)
Plan Assets:

$596M
Number of Participants:

4,404
DC Plan Participation Rate:

94%
DC Plan Average Deferral Rate:

8%
Automatic Enrollment:

Yes
Automatic Escalation:

Yes
Default Deferral Rate for Auto-Enrollment:

5%
Default Investment Fund:

Vanguard target-date funds
DC Plan Employer Contribution:

100% of 4% + 1% discretionary nonelective
Recordkeeper:

Empower
Plan Adviser:

Gallagher Fiduciary Advisors LLC
Financial Wellness Educator(s):

Empower

Engie Holdings, a global supplier of energy for renewable corporate power purchase agreements, is working to improve more than energy production. Wanting to better its plan and the engagement of its diverse workforce, it first surveyed its employees. Based on the responses, it has: switched from a tiered to a 100% match, thus lowering the bar for maximization; raised the default deferral rate to 5%; shortened the automatic enrollment opt-out window to 30 days; added managed accounts to provide for investment advice; begun holding monthly bilingual educational webinars, and more.

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