Standard Chartered Bank
Plan name | Standard Chartered Bank |
Location | New York, NY |
Asset size ($mm) | $318 |
Participants | 1,828 |
Industry | Financial Services |
Participation rate | 98% |
Average deferral rate | 10.2% |
# of funds offered | 23 |
Investment review | Twice a year |
True-up match | Yes |
Match vesting period | 3 years |
Eligibility | Immediately upon hire |
Default deferral rate | 6% |
Default investment | Retail TDF (Index) |
Automatic escalation | Opt-out |
Systematic withdrawals | No |
Fee equalization | No |
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Match rate | 51% – 99% of first 6% of salary |
% receiving full match | >90% |
Maximum employer contribution | 8% |
 |  |
Financial education | Â |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options | Yes |
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Recordkeeper | John Hancock |