TriMas Corporation
Plan name | TriMas Corporation |
Location | Bloomfield Hills, Michigan |
Asset size | >$50mm–$200mm |
# of participants | 1,000–4,999 |
Business Category | Consumer Products |
Participation Rate | 89.0% |
Avg Deferral Rate | 8.6% |
# of Funds Offered | 19 |
Investment Review | Quarterly |
True-up Feature | Yes |
Match Vesting Period | Immediate |
Eligibility | Immediate |
Default Deferral Rate | 5% |
Default Investment | Retail TDF (Active) |
Auto-Escalation | Yes |
Systematic Withdrawals | Yes |
Fee Equalization | No |
Match Rate | 3.75% of first 5% of eligible earnings |
% Receiving Full Match | 50%–75% |
Max Employer Contribution | 3.75% |
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: | Fidelity Investments |