2018 Best In Class – UPM-Kymmene Salaried Employees 401(k) Retirement Plan

Plan Name UPM-Kymmene Salaried Employees 401(k) Retirement Plan
Location Naperville, IL
Asset Size $115MM
Number of Participants 340
Business Manufacturing – Consumer Products
Participation rate 95.0%
Avg. deferral rate 10.2%
No. of funds offered 21
Investment Review Twice a year
True-up feature No
Match Vesting Period 4 years
Eligibility Immediate
Default deferral rate 6.0%
Default investment Custom Target-Date Fund
Auto-escalation Opt-in
Systematic withdrawals Yes
Fee equalization Yes
Match Rate 50% of first 6% of salary
% receiving full match 90% 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  
   
Recordkeeper Securian Financial Group

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