Ablemarle Corporation

Plan nameAblemarle Corporation Retirement Savings Plan
Location Charlotte, North Carolina
Asset size $721.1MM
Participants 3,500
Industry Chemicals
Participation rate 94%
Average deferral rate 9.7%
# of funds offered 25
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 5%
Default investment Managed Account
Auto-escalation Opt-in
Systematic withdrawals Yes
Fee equalization Planned for 2019
Match rate 100% of the first 3% of salary deferrals, then 50% of the next 6%*
% receiving full match >65%
Maximum employer contribution >10%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management Yes
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Bank of America Merrill Lynch
*The most common match formula. The Albemarle plan also matches 100% of the first 5% of salary deferrals for some union participants.
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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