Karsten Manufacturing Corporation
Location | Phoenix, AR |
Asset Size | $162.8MM |
Number of Participants | 1,000 – 4,999 Participants |
Business | Manufacturing (Consumer Products) |
Participation rate | 99% |
Avg. deferral rate | 8.8% |
No. of funds offered | 19 |
Investment Review | Quarterly |
True-up feature | No |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default deferral rate | 6% |
Default investment | Retail TDF (active) |
Auto-escalation | Opt-out |
Systematic withdrawals | No |
Fee equalization | No |
Match Rate | 50% of first 6% of salary |
% receiving full match | >90% |
Max Employer Contribution | 3.0% |
Financial education: | |
Saving/budgeting | x |
Investing strategies | x |
College saving | |
Credit/debt mgt | x |
Tax/estate planning | x |
Retiree health costs/savings options | |
Recordkeeper | Charles Schwab |