Hexion Inc. Retirement Savings Plan

Plan Name Hexion Inc. Retirement Savings Plan
Location Columbus, OH
Asset Size $380MM
Number of Participants 1,700
Business Chemicals
Participation rate 91.0%
Avg. deferral rate 10.0%
No. of funds offered 16
Investment Review Quarterly
True-up feature Yes
Match Vesting Period 3 years
Eligibility Immediate
Default deferral rate 5.0%
Default investment Retail Target-Date Fund (Indexed)
Auto-escalation Opt-Out
Systematic withdrawals No
Fee equalization Yes
Match Rate 100% of first 5% of salary
% receiving full match 90% or more
Max Employer Contribution 8%-12%
   
Financial education:  
Saving/budgeting Yes
Investing strategies Yes
College saving Yes
Credit/debt mgt Yes
Tax/estate planning  
Retiree health costs/savings options  
   
Recordkeeper Fidelity Investments
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