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Senior Benefits Analyst at Alera Group / Insurance Journal Jobs

Senior Benefits Analyst at Alera Group / Insurance Journal Jobs
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2021 Plan Sponsor of the Year | PLANSPONSOR


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John Hancock, Benefit Partners Financial Group
IF PLAN SPONSORS need proof that their match is a critical factor affecting participants’ deferral rates, they need look no farther than the 401(k) plan of COFCO International USA, an agriculture supply chain company, headquartered in Chicago, Illinois. The plan’s 15.3% average deferral rate is largely due to its qualified nonelective contribution (QNEC) of 3%, plus a 50-cent match of all that an employee defers with no cap.
How this match came to be stems from the company’s formation: Two companies merged one with a 100% company match with no cap, the other with a 3% safe harbor contribution but no match, explains Sharon Kacsits, director of human resources (HR) North America at COFCO. ....

United States , Sharon Kacsits , Russell Warye , Jen Bierly , John Hancock , Hessel Associates , Partners Financial Group , John Hancock Personalized Advice Program , International United States , North America , Benefit Partners Financial Group , Benefit Partners , ஒன்றுபட்டது மாநிலங்களில் , ஜான் ஹான்காக் , கூட்டாளர்கள் நிதி குழு , சர்வதேச ஒன்றுபட்டது மாநிலங்களில் , வடக்கு அமெரிக்கா , நன்மை கூட்டாளர்கள் ,