2018 Best In Class – Sub-Zero/Wolf Employees’ Profit Sharing and 401(k) Savings Plan

Plan Name Sub-Zero/Wolf Employees’ Profit Sharing and 401(k) Savings Plan
Location Madison, WI
Asset Size $187MM
Number of Participants 1,000 – 4,999
Business Manufacturing – Consumer Products
Participation rate 96.0%
Avg. deferral rate 9.0%
No. of funds offered 18
Investment Review Quarterly
True-up feature Yes
Match Vesting Period Immediate
Eligibility After 1 month
Default deferral rate 5.0%
Default investment Retail Target-Date Fund (Indexed)
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization No
Match Rate <50% of first 6% of salary
% receiving full match 75% or more
Max Employer Contribution >10%
   
Financial education:  
Saving/budgeting Yes
Investing strategies Yes
College saving  
Credit/debt mgt Yes
Tax/estate planning  
Retiree health costs/savings options Yes
   
Recordkeeper John Hancock Retirement Plan Services

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