TimkenSteel Corporation SIP Plan

Plan Name TimkenSteel Corporation SIP Plan
Location Canton, OH
Asset Size $298MM
Number of Participants 1,000 – 4,999
Business Manufacturing – Industrial
Participation rate 96.4%
Avg. deferral rate 9.1%
No. of funds offered 11
Investment Review Quarterly
True-up feature No
Match Vesting Period Immediate
Eligibility After 1 month
Default deferral rate 6.0%
Default investment Retail Target-Date Fund (Indexed)
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization Not applicable
Match Rate 100% of first 3% of salary; 50% of the next 3%
% receiving full match 75% or more
Max Employer Contribution 5.5% – 9.0%
   
Financial education:  
Saving/budgeting  
Investing strategies Yes
College saving  
Credit/debt mgt  
Tax/estate planning  
Retiree health costs/savings options  
   
Recordkeeper Empower Retirement
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