Freeport-McMoRan Inc. Employee Capital Accumulation Plan
| Plan name | Freeport-McMoRan Inc. Employee Capital Accumulation Plan |
| Location | Phoenix, AZ |
| Asset size ($MM) | More than $1 billion |
| Participants | 10,000 - 19,999 |
| Industry | Chemicals/Mining |
| Participation rate | 98% |
| Average deferral rate | 8% |
| # of funds offered | 16 |
| Investment review | Annually |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Immediately upon hire |
| Default deferral rate | 4.6%-5% |
| Default investment | Target-date fund (all types) |
| Automatic escalation | Exactly 1% |
| Systematic withdrawals | NR |
| Fee equalization | Yes, a policy is in place |
| Match rate | Simple traditional match - e.g., 100% of first 3% of employee contribution, or similar |
| % receiving full match | All or nearly all participants (90% or more) |
| Maximum employer contribution | 5% |
| 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 |
| Recordkeeper | Schwab Retirement Plan Services, Inc. |
| Footnotes | |
| NR | Not Reported |
| Yes | yes |
| No | no |
Get the latest news every weekday