Solvay USA
Plan name | Solvay USA |
Location | Houston, Texas |
Asset size | >$1b |
# of participants | 5,000–9,999 |
Business Category | Chemicals |
Participation Rate | 92.0% |
Avg Deferral Rate | 8.0% |
# of Funds Offered | 16 |
Investment Review | Quarterly |
True-up Feature | Yes |
Match Vesting Period | 4 years |
Eligibility | Immediate |
Default Deferral Rate | 6% |
Default Investment | TDF (all types) |
Auto-Escalation | Opt-out |
Systematic Withdrawals | No |
Fee Equalization | No |
Match Rate | 100% of first 6% of salary |
% Receiving Full Match | >75% |
Max Employer Contribution | 9% |
Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
Tax/Estate planning | Yes |
College saving | Yes |
Credit/Debt mgmt | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper: | Bank of America |