| Plan name | Unum Group 401(k) Retirement Plan |
| Location | Chattanooga, Tennessee |
| Asset size | $1.45B |
| Participants | 11,700 |
| Industry | Insurance/Reinsurance |
| Participation rate | 92% |
| Average deferral rate | 7.3% |
| # of funds offered | 12 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 5% |
| Default investment | Institutional Target-date Fund (Active or Indexed) |
| Automatic escalation | Opt-in |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
| Match rate | 100% on the first 5% of salary deferrals |
| % receiving full match | 50% – 75% |
| Maximum employer contribution | 9.5% |
| Financial education: | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | |
| Credit/Debt management | Yes |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper | Fidelity Investments |
Get the latest news daily