Winning Best-In-Class 401(k) Plans

2022 Best in Class 401(k) Plans Regency Centers 2022 Best in Class 401(k) Plans List Makers List Makers American Express American Family 401(k) Plan American Honda Motor Co., Inc. Amgen Retirement and Savings Plan Blue Cross Blue Shield of Louisiana BNY Mellon Boston Scientific Corporation Citi Creative Associates International Explorer Pipeline Genesee Ceramic Tile Distributors, Inc. Hyder Construction Illinois Tool Works Inc. Invesco J. J. Keller & Associates Inc. Karsten Manufacturing Corp. Mascoma Bank Midwest Radiology, P.A. Musco Corp. National Grid NXP 401(k) Retirement Plan O.C. Tanner Co. Otten Johnson Robinson Neff + Ragonetti Raytheon Technologies Refinitiv US LLC, an LSE Company Regency Centers Sandy Spring Bank 401(k) Plan SEMCO Energy, Inc. SIH Southwest Airlines Pilots Association State of Michigan Office of Retirement Services The International Association of Lions Clubs The Lubrizol Corporation Employees’ Profit Sharing and Savings Plan Trellis Co. Van Andel Institute Veridian Credit Union Verus Advisory Plan name Regency Centers Location Jacksonville, Fla. Asset size ($MM) Total plan balance as of 12/31/21 is $147,467,942. Participants 413 Industry Real estate – REIT Participation rate 97% Average deferral rate 9% # of funds offered 31 Investment review True-up match Match vesting period Immediately upon enrollment Eligibility Within 3 months of employment Default deferral rate 6% Default investment Target-date Fund (all types) Automatic escalation Yes - participants are defaulted into auto escalation at time of enrollment unless they opt out; all other participants can opt in at any time Systematic withdrawals Fee equalization Yes – a policy is in place Match Rate Other % receiving full match More than average (more than 50% but less than 75%) Maximum employer contribution Other amount (i.e., not tied to percentage of salary) Financial Education Saving/Budgeting Investing strategies College saving Credit/Debt management Tax/Estate planning Retiree health costs/savings options​ Recordkeeper Principal Financial Group Most Read COMPLIANCE Trump Floats New Retirement Accounts in State of the Union COMPLIANCE DOL Proposes Required Annual Paper Statements for Retirement Plans COMPLIANCE IRS Delays Required Minimum Distribution Rules BENEFITS ESOPs Gained More than 1M Participants in a Decade, per DOL COMPLIANCE RCH Urges Plan Sponsors to Adopt Sound Uncashed-Check Resolution Policy Upcoming Events 2026 PLANSPONSOR National Conference JW Marriott Nashville, Tennessee see more events Get the latest news every weekday directly in your mailbox. subscribe