Delta Airlines Family Care Savings Plan
Plan Name | Delta Airlines Family Care Savings Plan |
Location | Atlanta, GA |
Asset Size | >$10 billion |
Number of Participants | More than 60,000 |
Business | Airlines |
Participation rate | 86.3% |
Avg. deferral rate | 9.5% |
No. of funds offered | 17 |
Investment Review | Quarterly |
True-up feature | No |
Match Vesting Period | 2 years |
Eligibility | Immediate |
Default deferral rate | 6.0% |
Default investment | Custom Target-Date Fund |
Auto-escalation | Opt-Out |
Systematic withdrawals | Yes |
Fee equalization | No |
Match Rate | 100% of first 6% of salary |
% receiving full match | 75% or more |
Max Employer Contribution | 9% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | |
College saving | Yes |
Credit/debt mgt | Yes |
Tax/estate planning | |
Retiree health costs/savings options | Yes |
Recordkeeper | Fidelity Investments |