Ericsson Inc.

Plan nameEricsson Inc.
LocationPlano, TX
Asset size ($mm)$3,560
Participants15,615
IndustryTechnology/Telecommunications
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 
Saving/BudgetingYes
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.
E_NOTICE Error in file single-awards.php at line 27: Undefined variable: pid