|
Plan name
|
The Savannah River Nuclear Solutions, LLC Defined Contribution Plan
|
|
Location
|
Aiken, South Carolina
|
|
Asset size
|
$1.94B
|
|
Participants
|
9,760
|
|
Industry
|
Federal Government Contractor
|
|
Participation rate
|
96%
|
|
Average deferral rate
|
9.8%
|
|
# of funds offered
|
14
|
|
Investment review
|
Quarterly
|
|
True-up match
|
Yes
|
|
Match vesting period
|
3 years (cliff)
|
|
Eligibility
|
Immediately upon hire
|
|
Default deferral rate
|
8%
|
|
Default investment
|
Institutional Target-date Fund (Active or Indexed)
|
|
Automatic escalation
|
Opt-out
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
No
|
|
|
|
|
Match rate
|
$0.50 per $1 up to 6% or 8% of pay based on benefit group
|
|
% receiving full match
|
>75%
|
|
Maximum employer contribution
|
9%
|
|
|
|
|
Financial education:
|
|
|
Saving/Budgeting
|
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
Yes
|
|
Credit/Debt management
|
Yes
|
|
Tax/Estate planning
|
Yes
|
|
Retiree health costs/savings options
|
Yes
|
|
|
|
|
Recordkeeper
|
Transamerica
|
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