Hexion Inc. Retirement Savings Plan
Plan Name | Hexion Inc. Retirement Savings Plan |
Location | Columbus, OH |
Asset Size | $380MM |
Number of Participants | 1,700 |
Business | Chemicals |
Participation rate | 91.0% |
Avg. deferral rate | 10.0% |
No. of funds offered | 16 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default deferral rate | 5.0% |
Default investment | Retail Target-Date Fund (Indexed) |
Auto-escalation | Opt-Out |
Systematic withdrawals | No |
Fee equalization | Yes |
Match Rate | 100% of first 5% of salary |
% receiving full match | 90% or more |
Max Employer Contribution | 8%-12% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/debt mgt | Yes |
Tax/estate planning | |
Retiree health costs/savings options | |
Recordkeeper | Fidelity Investments |