Retirement Savings Plan
Ketjen Corporation Retirement Savings Plan offers a company match and an additional Defined Contribution Pension Benefit.
Retirement Savings Plan
Plan Details
| Feature | Detail |
|---|---|
| Plan | Ketjen Corporation Retirement Savings Plan |
| Plan type | 401(k) |
| Record keeper | Merrill |
| Website | benefits.ml.com |
| Phone | 800.228.4015 |
| Eligibility | Employees are immediately eligible to participate in the plan. |
| Employer match | The Company matches 100% on the first 3% of your contributions and 50% on the next 6%. In order to maximize your benefits, if you contribute 9% of eligible pay to your account, the company will make matching contributions of 6%. |
| Vesting applies to | the money you contribute as well as the Company’s Match and DCPB contributions |
| Auto-enrolled | Yes |
| Default rate | 5% pre-tax |
| Starts after | within 30 days of your hire date |
| pre-tax | between 1% and 50% of your eligible pay |
| Roth | between 1% and 50% of your eligible pay |
| Vesting - Immediately | 100% |
| Investment guidance | Personal Retirement Strategy provides free personalized recommendations and guidance. |
Plan
- Detail
- Ketjen Corporation Retirement Savings Plan
Plan type
- Detail
- 401(k)
Record keeper
- Detail
- Merrill
Website
- Detail
- benefits.ml.com
Phone
- Detail
- 800.228.4015
Eligibility
- Detail
- Employees are immediately eligible to participate in the plan.
Employer match
- Detail
- The Company matches 100% on the first 3% of your contributions and 50% on the next 6%. In order to maximize your benefits, if you contribute 9% of eligible pay to your account, the company will make matching contributions of 6%.
Vesting applies to
- Detail
- the money you contribute as well as the Company’s Match and DCPB contributions
Auto-enrolled
- Detail
- Yes
Default rate
- Detail
- 5% pre-tax
Starts after
- Detail
- within 30 days of your hire date
pre-tax
- Detail
- between 1% and 50% of your eligible pay
Roth
- Detail
- between 1% and 50% of your eligible pay
Vesting - Immediately
- Detail
- 100%
Investment guidance
- Detail
- Personal Retirement Strategy provides free personalized recommendations and guidance.
