BASF Corporation Retirement Savings Plan

Plan name BASF Corporation Retirement Savings Plan
LocationFlorham Park, NJ
Asset size ($MM)More than $1 billion
Participants10,000 - 19,999
IndustryChemicals/Mining
Participation rate99%
Average deferral rate12%
# of funds offered16
Investment reviewEvery 2-3 years
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate4.6%-5%
Default investmentTarget-date fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsNR
Fee equalizationNR
Match rateSimple traditional match - e.g., 100% of first 3% of employee contribution, or similar
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution5%
Financial education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperFidelity Investments
Footnotes
NRNot Reported
Yes yes
No no
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