2020 Best in Class 401(k) Plans | Winner
Bristol-Myers Squibb Company Savings and Investment Program
| Plan name | Bristol-Myers Squibb Company Savings and Investment Program |
| Location | New York, New York |
| Asset size | $6.6b |
| # of participants | 10,000 or more active |
| Business Category | Bio-Pharmaceuticals |
| Participation Rate | 94.0% |
| Avg Deferral Rate | 11.7% |
| # of Funds Offered | 14 |
| Investment Review | Ongoing |
| True-up Feature | No |
| Match Vesting Period | 5 years |
| Eligibility | Immediately upon hire |
| Default Deferral Rate | 6% |
| Default Investment | Retail TDF (Index) |
| Auto-Escalation | Yes |
| Systematic Withdrawals | Yes |
| Fee Equalization | No |
| Match Rate | 100% of first 6% of Salary |
| % Receiving Full Match | 75%–100% |
| Max Employer Contribution | 9%–12%* |
| Financial Education | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| Tax/Estate planning | Yes |
| College saving | Yes |
| Credit/Debt mgmt | Yes |
| Retiree health costs/savings options | Yes |
| Recordkeeper: | Fidelity Investments |
Get the latest news daily