Standard Chartered Bank

LocationNew York, NY
Asset Size$300 million 
Number of Participants1,000 – 4,999 participants
Business Banking
Participation rate98%
Avg. deferral rate9%
No. of funds offeredNot Reported
Investment ReviewTwice a year
True-up MatchYes
Match Vesting Period3 years
EligibilityImmediately
Default deferral rate6%
Default investmentRetail TDF (Index)
Auto escalationOpt-out
Ret. Income offeringNone
Fee equalizationConsidering
Match Rate51%-99% of first 6% of salary
% receiving full match>90%
Max Employer Contribution8%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgt 
Tax/estate planningx
Retiree health costs/savings options 
  
RecordkeeperJohn Hancock Retirement Plan Services
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