Schiff Hardin LLP
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Plan name | Schiff Hardin LLP Incentive Savings 401(k) Plan |
Location | Chicago, Illinois |
Asset size | $171.6MM |
Participants | 800 |
Industry | Law Firm |
Participation rate | 88% |
Average deferral rate | 7.9% |
# of funds offered | 28 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Within 3 months of employment |
Default deferral rate | 3% |
Default investment | Balanced Fund |
Automatic escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | Yes |
Match rate | 25% on the first 6% of salary deferrals |
% receiving full match | >65% |
Maximum employer contribution | 7.5% |
Financial education: | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | |
Credit/Debt management | |
Tax/Estate planning | |
Retiree health costs/savings options | |
Recordkeeper | MassMutual |