Lexmark Savings Plan
Plan Name | Lexmark Savings Plan |
Location | Lexington, KY |
Asset Size | $1.05B |
Number of Participants | 4,700 |
Business | Technology |
Participation rate | 99.0% |
Avg. deferral rate | 4.9% |
No. of funds offered | 18 |
Investment Review | Annually |
True-up feature | Yes |
Match Vesting Period | Immediate |
Eligibility | Immediate |
Default deferral rate | 5.0% |
Default investment | Retail Target-Date Fund (Active Management) |
Auto-escalation | Opt-Out |
Systematic withdrawals | Yes |
Fee equalization | Not applicable |
Match Rate | 100% of first 4% of salary |
% receiving full match | 90% or more |
Max Employer Contribution | 4.0% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/debt mgt | |
Tax/estate planning | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper | Fidelity Investments |