Veridian Credit Union
Location | Cedar Falls, IA |
Asset Size | >$50MM – $100MM |
Number of Participants | 500 – 999 Participants |
Business | Credit Union |
Participation rate | 93% |
Avg. deferral rate | 7.0% |
No. of funds offered | 36 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | 5 years |
Eligibility | Immediate |
Default deferral rate | 5% |
Default investment | Retail TDF (active) |
Auto-escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | Yes |
Match Rate | 100% of the first 5% of salary |
% receiving full match | >75% |
Max Employer Contribution | >10.0% |
Financial education: | |
Saving/budgeting | X |
Investing strategies | X |
College saving | |
Credit/debt mgt | X |
Tax/estate planning | |
Retiree health costs/savings options | X |
Recordkeeper | Empower Retirement |