2016 Best in Class 401(k) Plans | Winner
Standard Chartered Bank
| Location | New York, NY |
| Asset Size | $300 million |
| Number of Participants | 1,000 – 4,999 participants |
| Business | Banking |
| Participation rate | 98% |
| Avg. deferral rate | 9% |
| No. of funds offered | Not Reported |
| Investment Review | Twice a year |
| True-up Match | Yes |
| Match Vesting Period | 3 years |
| Eligibility | Immediately |
| Default deferral rate | 6% |
| Default investment | Retail TDF (Index) |
| Auto escalation | Opt-out |
| Ret. Income offering | None |
| Fee equalization | Considering |
| Match Rate | 51%-99% of first 6% of salary |
| % receiving full match | >90% |
| Max Employer Contribution | 8% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | x |
| Credit/debt mgt | |
| Tax/estate planning | x |
| Retiree health costs/savings options | |
| Recordkeeper | John Hancock Retirement Plan Services |
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