Ericsson Inc.
Plan name | Ericsson Inc. |
Location | Plano, TX |
Asset size ($mm) | $3,560 |
Participants | 15,615 |
Industry | Technology/Telecommunications |
Participation rate | 96% |
Average deferral rate | 11% |
# of funds offered | 17 |
Investment review | Quarterly |
True-up match | Yes |
Match vesting period | Immediately upon enrollment |
Eligibility | Immediately upon hire |
Default deferral rate | 5% |
Default investment | Balanced Fund |
Automatic escalation | Opt-out |
Systematic withdrawals | Yes |
Fee equalization | Yes |
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Match rate | 51% – 99% of first 6% of salary |
% receiving full match | >75% |
Maximum employer contribution | 7% |
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Financial education | Â |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options | Yes |
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Recordkeeper | Empower Retirement |