The Chemours Company

Plan nameThe Chemours Retirement Savings Plan
Location Wilmington, Delaware
Asset size $485.6MM
Participants 4,369
Industry Chemical Manufacturing & Production
Participation rate 94%
Average deferral rate 10.0%
# of funds offered 10
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 6%
Default investment Retail Target-date Fund (Active Management)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Not applicable
Match rate 100% on the first 6% of salary deferrals
% receiving full match >90%
Maximum employer contribution 6% – 9%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Bank of America Merrill Lynch
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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