BEST IN CLASS 401(k) PLANS

Best In Class vs. Other Plans

Plan Measures

94%  
79%  
8.9%  
6.5%  
43%  
29%  
Participation
rate
Deferral
rate
Retirement
confidence
Best in Class plans
All other 401(k) plans

Investment Choices

97%  
67%  
97%  
88%  
56%  
32%  
Roth
provision
Index
funds
Managed
account

Plan Design

100%  
58%  
91%  
44%  
100%  
38%  
Eligibility within
3 months
Auto-
enrollment
Auto-
escalation

 

38%  
18%  
35%  
11%  
66%  
24%  
Default deferral
rate >5%
Re-enrollment
Loan payment
post-separation

Employer Contributions

74%  
43%  
76%  
44%  
72%  
39%  
Effective
match >3%
Match vested
within 2 years
True-up
match

Oversight Practices

100%  
95%  
100%  
76%  
45%  
30%  
Investment
committee
Investment policy
statement
Fee
equalization

Financial Education Offered

85%  
32%  
76%  
38%  
62%  
17%  
Saving and
budgeting
Investing basics/
strategies
Credit/debt
management

 

38%  
13%  
12%  
9%  
12%  
54%  
College
savings
Home
buying
No financial
education
 

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