Lexmark Savings Plan

Plan Name Lexmark Savings Plan
Location Lexington, KY
Asset Size $1.05B
Number of Participants 4,700
Business Technology
Participation rate 99.0%
Avg. deferral rate 4.9%
No. of funds offered 18
Investment Review Annually
True-up feature Yes
Match Vesting Period Immediate
Eligibility Immediate
Default deferral rate 5.0%
Default investment Retail Target-Date Fund (Active Management)
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization Not applicable
Match Rate 100% of first 4% of salary
% receiving full match 90% or more
Max Employer Contribution 4.0%
   
Financial education:  
Saving/budgeting Yes
Investing strategies Yes
College saving Yes
Credit/debt mgt  
Tax/estate planning Yes
Retiree health costs/savings options Yes
   
Recordkeeper Fidelity Investments
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