Freeport-McMoRan

Plan nameFreeport-McMoRan
LocationPhoenix, Arizona
Asset size>$1b
# of participants13,014
Business Category Mining
Participation Rate96.6%
Avg Deferral Rate7.8%
# of Funds Offered23
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting PeriodImmediate
EligibilityImmediate
Default Deferral Rate5%
Default InvestmentTDF (all types)
Auto-EscalationOpt-out
Systematic WithdrawalsYes
Fee EqualizationYes
Match Rate100% up to 5% of salary
% Receiving Full Match>90%
Max Employer Contribution5%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Charles Schwab
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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