2018 Best in Class 401(k) Plans | Winner
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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