Standard Chartered Bank

Plan nameStandard Chartered Bank
LocationNew York, NY
Asset size ($mm)$318
Participants1,828
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 
Saving/BudgetingYes
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.
E_WARNING Error in file »ClassLoader.php« at line 576: include(): Failed opening '/var/www/html/www.plansponsor.com/public_html/wp-content/plugins/wordpress-seo/vendor/composer/../../src/schema-aggregator/user-interface/cache/woocommerce-product-type-change-listener-integration.php' for inclusion (include_path='.:/usr/share/php')