Ingevity Corporation

Plan name Ingevity Corporation
LocationNorth Charleston, South Carolina
Asset size ($MM)$200 million - $500 million
Participants1,000 - 4,999
IndustryChemicals/Mining, Manufacturing - Industrial Products
Participation rate95%
Average deferral rate9%
# of funds offered17
Investment reviewQuarterly
True-up matchNo
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsUnsure /Don't Know
Fee equalization
Match Rate100% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution6%
Financial Education
Saving/Budgeting
Yes
Investing strategies
No
College saving
No
Credit/Debt management
Yes
Tax/Estate planning
No
Retiree health costs/savings options​
Yes
RecordkeeperEmpower Retirement
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