Plan name | Unitil |
Location | Hampton, New Hampshire |
Asset size ($MM) | $100 million - $200 million |
Participants | 500 - 999 |
Industry | Utilities |
Participation rate | 99% |
Average deferral rate | 12% |
# of funds offered | 15 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | After 4 to 11 months of employment |
Default deferral rate | 3.1-3.5% |
Default investment | Target-date Fund (all types) |
Automatic escalation | Exactly 1% |
Systematic withdrawals | No |
Fee equalization | Yes, a policy is in place |
Match Rate | 100% of first 6% of salary |
% receiving full match | All or nearly all participants (90% or more) |
Maximum employer contribution | 10% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | No |
Tax/Estate planning | No |
Retiree health costs/savings options​ | No |
Recordkeeper | John Hancock |