Bristol-Myers Squibb Company Savings and Investment Program

Plan nameBristol-Myers Squibb Company Savings and Investment Program
LocationNew York, New York
Asset size$6.6b
# of participants10,000 or more active
Business Category Bio-Pharmaceuticals
Participation Rate94.0%
Avg Deferral Rate11.7%
# of Funds Offered14
Investment ReviewOngoing
True-up FeatureNo
Match Vesting Period5 years
EligibilityImmediately upon hire
Default Deferral Rate6%
Default InvestmentRetail TDF (Index)
Auto-EscalationYes
Systematic WithdrawalsYes
Fee EqualizationNo
Match Rate100% of first 6% of Salary
% Receiving Full Match75%–100%
Max Employer Contribution9%–12%*
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Fidelity Investments
*Includes 6% company match on dollar for dollar, plus an annual discretionary company contribution ranging from 3%-6% of eligible pay.
Requalified plan
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.
E_NOTICE Error in file single-awards.php at line 22: Undefined variable: pid