Heidelberg USA, Inc.
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Plan name | The Heidelberg Retirement Savings Plan |
Location | Kennesaw, Georgia |
Asset size | >$200MM – $500MM |
Participants | 500 – 999 |
Industry | Printing |
Participation rate | >97% |
Average deferral rate | 9.8% |
# of funds offered | 20 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Immediately upon hire |
Default deferral rate | 3% |
Default investment | Retail Target-date Fund (Indexed) |
Automatic escalation | Opt-out |
Systematic withdrawals | No |
Fee equalization | Yes |
Match rate | 50% on the first 6% of salary deferrals |
% receiving full match | >90% |
Maximum employer contribution | 3% |
Financial education: | |
Saving/Budgeting | |
Investing strategies | Yes |
College saving | |
Credit/Debt management | |
Tax/Estate planning | Yes |
Retiree health costs/savings options | |
Recordkeeper | Empower Retirement |