2018 Best in Class 401(k) Plans | Winner
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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