2016 Best in Class 401(k) Plans | Winner
Ericsson
| Location | Plano, TX |
| Asset Size | $2.7 billion |
| Number of Participants | 10,000 or more participants |
| Business | Telecommunications |
| Participation rate | 91% |
| Avg. deferral rate | 9.3% |
| No. of funds offered | 12 |
| Investment Review | Quarterly |
| True-up Match | Yes |
| MatchVesting Period | Immediately |
| Eligibility | Immediately |
| Default deferral rate | 3% |
| Default investment | Balanced Fund |
| Auto escalation | Opt-out |
| Ret. Income offering | In-Plan |
| Fee equalization | Yes |
| Match Rate | 100% of first 3%; 50% of next 2% of salary |
| % receiving full match | >75% |
| Max Employer Contribution | 7% |
| Financial education: | |
| Saving/budgeting | x |
| Investing strategies | x |
| College saving | x |
| Credit/debt mgt | x |
| Tax/estate planning | x |
| Retiree health costs/savings options | x |
| Recordkeeper | Empower Retirement |
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