TriMas Corporation

Plan nameTriMas Corporation
LocationBloomfield Hills, Michigan
Asset size>$50mm–$200mm
# of participants1,000–4,999
Business Category Consumer Products
Participation Rate89.0%
Avg Deferral Rate8.6%
# of Funds Offered19
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting PeriodImmediate
EligibilityImmediate
Default Deferral Rate5%
Default InvestmentRetail TDF (Active)
Auto-EscalationYes
Systematic WithdrawalsYes
Fee EqualizationNo
Match Rate3.75% of first 5% of eligible earnings
% Receiving Full Match50%–75%
Max Employer Contribution3.75%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Fidelity Investments
Requalified plan
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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