| Plan name | Ablemarle Corporation Retirement Savings Plan |
|
Location
|
Charlotte, North Carolina
|
|
Asset size
|
$721.1MM
|
| Participants
|
3,500
|
|
Industry
|
Chemicals
|
|
Participation rate
|
94%
|
|
Average deferral rate
|
9.7%
|
|
# of funds offered
|
25
|
|
Investment review
|
Quarterly
|
|
True-up match
|
Yes
|
|
Match vesting period
|
Immediately upon enrollment
|
|
Eligibility
|
Immediately upon hire
|
|
Default deferral rate
|
5%
|
|
Default investment
|
Managed Account
|
|
Auto-escalation
|
Opt-in
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
Planned for 2019
|
|
|
|
|
Match rate
|
100% of the first 3% of salary deferrals, then 50% of the next 6%*
|
|
% receiving full match
|
>65%
|
|
Maximum employer contribution
|
>10%
|
|
|
|
|
Financial education:
|
|
|
Saving/Budgeting
|
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
Yes
|
|
Credit/Debt management
|
Yes
|
|
Tax/Estate planning
|
|
|
Retiree health costs/savings options
|
Yes
|
|
|
|
|
Recordkeeper
|
Bank of America Merrill Lynch
|
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