thyssenkrupp Materials NA, Inc. 401(k) Plan

Plan namethyssenkrupp Materials NA, Inc. 401(k) Plan
LocationSouthfield, Michigan
Asset size>$200mm–$500mm
# of participants5,000–9,999
Business Category Material Services
Participation Rate95.0%
Avg Deferral Rate7.0%
# of Funds Offered20
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting Period3 years
EligibilityImmediate
Default Deferral Rate3%
Default InvestmentTarget-Risk
Auto-EscalationOpt-out
Systematic WithdrawalsYes
Fee EqualizationYes
Match Rate50% of first 6% of salary
% Receiving Full Match51%–75%
Max Employer Contribution3%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:John Hancock
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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