2019 Best in Class 401(k) Plans | Winner
FCA US LLC
| 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 |
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