Ford Motor Company – Salaried Employee Plan
Plan Name | Ford Motor Company — Salaried Employee Plan |
Location | Dearborn, MI |
Asset Size | $11.8 billion |
Number of Participants | 46,600 |
Business | Automotive – Manufacturing, Parts |
Participation rate | 93.4% |
Avg. deferral rate | 10.9% |
No. of funds offered | 12 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default deferral rate | 5.0% |
Default investment | Retail Target-Date Fund (Indexed) |
Auto-escalation | Opt-Out |
Systematic withdrawals | Yes |
Fee equalization | Not applicable |
Match Rate | 90% of first 5% of salary |
% receiving full match | 85% or more |
Max Employer Contribution | 8% – 10% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | Yes |
College saving | |
Credit/debt mgt | |
Tax/estate planning | |
Retiree health costs/savings options | Yes |
Recordkeeper | Conduent LLCÂ |