CoBank, ACB Employee Savings Plan
Plan name | CoBank, ACB Employee Savings Plan |
Location | Greenwood Village, Colorado |
Asset size ($MM) | $500 million - $1 billion |
Participants | 1,000 - 4,999 |
Industry | Financial Services |
Participation rate | 96% |
Average deferral rate | 10% |
# 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 | 5.6-6% |
Default investment | Target-date Fund (all types) |
Automatic escalation | Exactly 1% |
Systematic withdrawals | Yes |
Fee equalization |
Match Rate | 100% of first 6% of salary |
% receiving full match | All or nearly all participants (90% or more) |
Maximum employer contribution | 6% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | No |
Credit/Debt management | Yes |
Tax/Estate planning | No |
Retiree health costs/savings options​ | No |
Recordkeeper | T. Rowe Price |