American Honda Motor Co., Inc.

Plan name American Honda Motor Co., Inc.
LocationTorrance, Calif.
Asset size ($MM)5 Billion
Participants10,000+
IndustryAutomotive – manufacturing/parts
Participation rate97%
Average deferral rate10%
# of funds offered11
Investment reviewYes
True-up matchNo
Match vesting periodImmediately upon enrollment
EligibilityWithin 3 months of employment
Default deferral rate6%
Default investmentTarget-date Fund (all types)
Automatic escalationYes - participants are defaulted into auto escalation at time of enrollment unless they opt out; all other participants can opt in at any time
Systematic withdrawalsYes
Fee equalization
Match Rate100% of first 6% of salary
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution6%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options​
Yes
RecordkeeperFidelity Investments
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