Ford Motor Company Savings and Stock Investment Plan

Plan name Ford Motor Company Savings and Stock Investment Plan
LocationDearborn, Michigan
Asset size ($MM)More than $1 billion
Participants20,000 or more
IndustryAutomotive - Manufacturing/Parts
Participation rate96%
Average deferral rate11%
# of funds offered12
Investment reviewQuarterly
True-up matchNo
Match vesting period3 years
EligibilityImmediately upon hire
Default deferral rate5%
Default investmentTarget-date Fund (all types)
Automatic escalationExactly 1%
Systematic withdrawalsYes
Fee equalization
Match RateOther
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution5%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperAlight Solutions
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