Solvay USA

Plan nameSolvay USA
LocationHouston, Texas
Asset size>$1b
# of participants5,000–9,999
Business Category Chemicals
Participation Rate92.0%
Avg Deferral Rate8.0%
# of Funds Offered16
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting Period4 years
EligibilityImmediate
Default Deferral Rate6%
Default InvestmentTDF (all types)
Auto-EscalationOpt-out
Systematic WithdrawalsNo
Fee EqualizationNo
Match Rate100% of first 6% of salary
% Receiving Full Match>75%
Max Employer Contribution9%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Bank of America
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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