Plan name FCA US LLC Salaried Employees Savings Plan
Location Auburn Hills, Michigan
Asset size $3.7B
Participants 21,000
Industry Automotive Manufacturing
Participation rate 93%
Average deferral rate 11.1%
# of funds offered 13
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 3%
Default investment Custom Target-date Fund
Automatic escalation Opt-out
Systematic withdrawals No
Fee equalization No
Match rate 50% on the first 10% of salary deferrals
% receiving full match >70%
Maximum employer contribution 8%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving
Credit/Debt management Yes
Tax/Estate planning Yes
Retiree health costs/savings options Yes
Recordkeeper Bank of America Merrill Lynch
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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