Tennessee Valley Authority
Plan name | Tennessee Valley Authority |
Location | Knoxville, TN |
Asset size ($mm) | $3,500 |
Participants | 14,300 |
Industry | Government Utility |
Participation rate | 98% |
Average deferral rate | 12% |
# of funds offered | 14 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | 3 years |
Eligibility | Immediately upon hire |
Default deferral rate | 6% |
Default investment | TDF (all types) |
Automatic escalation | Opt-in |
Systematic withdrawals | Yes |
Fee equalization | Yes |
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Match rate | 100% of first 6% of salary |
% receiving full match | >90% |
Maximum employer contribution | 9% |
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Financial education | Â |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options | Yes |
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Recordkeeper | Fidelity |