Karsten Manufacturing Corporation

LocationPhoenix, AR
Asset Size$162.8MM
Number of Participants1,000 – 4,999 Participants
BusinessManufacturing (Consumer Products)
Participation rate99%
Avg. deferral rate8.8%
No. of funds offered19
Investment ReviewQuarterly
True-up featureNo
Match Vesting Period3 years
EligibilityImmediate
Default deferral rate6%
Default investmentRetail TDF (active)
Auto-escalationOpt-out
Systematic withdrawalsNo
Fee equalizationNo
Match Rate50% of first 6% of salary
% receiving full match>90%
Max Employer Contribution3.0%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College saving 
Credit/debt mgtx
Tax/estate planningx
Retiree health costs/savings options 
  
RecordkeeperCharles Schwab
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