Searles Valley Minerals
| Plan name | Searles Valley Minerals 401(k) Plan |
| Location | Overland Park, Kansas |
| Asset size | $108.5MM |
| Participants | 500 – 999 |
| Industry | Natural Resources |
| Participation rate | 97% |
| Average deferral rate | 9.2% |
| # of funds offered | 21 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 4% |
| Default investment | Institutional Target-date Fund (Active or Indexed) |
| Automatic escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
| Match rate | 50% on the first 4% of salary deferrals |
| % receiving full match | >90% |
| Maximum employer contribution | 6% |
| Financial education: | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/Debt management | Yes |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper | Empower Retirement |
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