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
E_WARNING Error in file »ClassLoader.php« at line 576: include(): Failed opening '/var/www/html/www.plansponsor.com/public_html/wp-content/plugins/wordpress-seo/vendor/composer/../../src/schema-aggregator/user-interface/cache/woocommerce-product-type-change-listener-integration.php' for inclusion (include_path='.:/usr/share/php')