Ericsson Inc.

Plan nameEricsson Inc.
LocationPlano, TX
Asset size ($mm)$3,560
Participation rate96%
Average deferral rate11%
# of funds offered17
Investment reviewQuarterly
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate5%
Default investmentBalanced Fund
Automatic escalationOpt-out
Systematic withdrawalsYes
Fee equalizationYes
Match rate51% – 99% of first 6% of salary
% receiving full match>75%
Maximum employer contribution7%
Financial education 
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
RecordkeeperEmpower Retirement
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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