Standard Chartered Bank

Plan nameStandard Chartered Bank
LocationNew York, NY
Asset size ($mm)$318
IndustryFinancial Services
Participation rate98%
Average deferral rate10.2%
# of funds offered23
Investment reviewTwice a year
True-up matchYes
Match vesting period3 years
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentRetail TDF (Index)
Automatic escalationOpt-out
Systematic withdrawalsNo
Fee equalizationNo
Match rate51% – 99% of first 6% of salary
% receiving full match>90%
Maximum employer contribution8%
Financial education 
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
RecordkeeperJohn 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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