Standard Chartered Bank
![Best in Class 401(k) Plans](https://si-interactive.s3.amazonaws.com/prod/plansponsor-com/wp-content/uploads/2017/05/25045535/PS515-BIC-Logo-215x104.png)
Location | New York, NY |
Asset Size | $300 million |
Number of Participants | 1,000 – 4,999 participants |
Business | Banking |
Participation rate | 98% |
Avg. deferral rate | 9% |
No. of funds offered | Not Reported |
Investment Review | Twice a year |
True-up Match | Yes |
Match Vesting Period | 3 years |
Eligibility | Immediately |
Default deferral rate | 6% |
Default investment | Retail TDF (Index) |
Auto escalation | Opt-out |
Ret. Income offering | None |
Fee equalization | Considering |
Match Rate | 51%-99% of first 6% of salary |
% receiving full match | >90% |
Max Employer Contribution | 8% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | x |
Credit/debt mgt | |
Tax/estate planning | x |
Retiree health costs/savings options | |
Recordkeeper | John Hancock Retirement Plan Services |