Lancaster General Health 401(k)*
Location | Lancaster, Pennsylvania |
Asset Size | $6.2 million |
Number of Participants | 224 |
Business | Health Care |
Participation Rate | 90% |
Avg Deferral Rate | 8.30% |
Number of Funds | 19 |
Investment Review | Quarterly |
Fee Review | Annually |
Fee Equalization | Considering |
Auto-Enrollment Rate | 6% |
Auto-Escalation Rate | 1% |
Re-Enrollment | No |
Default Investment | Target-date (active) |
Ret Income Offering | NR |
Vesting Period | 3 years |
Match Rate | 50% of first 6% of salary |
% Receiving Full Match | >75% |
True-Up Match | Yes |
Financial Education | |
Saving/budgeting | X |
Investing strategies | X |
College saving | X |
Credit/debt mgmt | X |
Tax/estate planning | X |
Retiree health costs/savings options | X |
Provider | Fidelity Investments |
*Lancaster General Health saw similar results within its 403(b) plan, which oversees $246 million in plan assets and covers 7,978 participants.