Institute of Nuclear Power Operations 401(k) Retirement Savings Plan

Plan name Institute of Nuclear Power Operations 401(k) Retirement Savings Plan
LocationAtlanta, GA
Asset size ($MM)>$100 million – $200 million
Participants100 – 499
IndustryNon-Profit
Participation rate99%
Average deferral rate12%
# of funds offered14
Investment reviewEvery 1 – 2 years
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsNo – do not expect to take action by 06/30/2024
Fee equalizationYes – a policy is in place
Match RateNR
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution4%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperSchwab Retirement Plan Services, Inc.
Footnotes
NRNot Reported
Yes yes
No no
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