Michelin North America, Inc.

LocationGreenville, SC
Asset SizeMore than $1 billion 
Number of Participants10,000 or more participants
Business Auto – Manufacturing/Parts
Participation rate92%
Avg. deferral rate7.6%
No. of funds offered15
Investment ReviewQuarterly
True-up MatchNo
Match Vesting PeriodImmediately
EligibilityImmediately
Default deferral rate3%
Default investmentRetail TDF (Index)
Auto escalationOpt-out
Ret. Income offeringOut-of-Plan
Fee equalizationYes
Match Rate51%-99% of first 6% of salary
% receiving full match>50%-75%
Max Employer Contribution14%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgt 
Tax/estate planning 
Retiree health costs/savings options 
  
RecordkeeperVanguard
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