The Hershey Company
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Location | Hershey, PA |
Asset Size | $1.4B |
Number of Participants | 10,000 or More Participants |
Business | Manufacturing (Consumer Products) |
Participation rate | 92% |
Avg. deferral rate | 9.1% |
No. of funds offered | 11 |
Investment Review | Quarterly |
True-up feature | No |
Match Vesting Period | 2 years |
Eligibility | Immediate |
Default deferral rate | 4% |
Default investment | Retail TDF (Index) |
Auto-escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | No |
Match Rate | 100% of first 1% of salary; 70% of the next 5% |
% receiving full match | >75% |
Max Employer Contribution | 7.5% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | |
Credit/debt mgt | |
Tax/estate planning | |
Retiree health costs/savings options | x |
Recordkeeper | Vanguard |