FCA US LLC
Plan name | FCA US LLC Salaried Employees Savings Plan |
Location | Auburn Hills, Michigan |
Asset size | $3.7B |
Participants | 21,000 |
Industry | Automotive Manufacturing |
Participation rate | 93% |
Average deferral rate | 11.1% |
# of funds offered | 13 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Immediately upon hire |
Default deferral rate | 3% |
Default investment | Custom Target-date Fund |
Automatic escalation | Opt-out |
Systematic withdrawals | No |
Fee equalization | No |
Match rate | 50% on the first 10% of salary deferrals |
% receiving full match | >70% |
Maximum employer contribution | 8% |
Financial education: | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options | Yes |
Recordkeeper | Bank of America Merrill Lynch |