2018 Best In Class – Delta Airlines Family Care Savings Plan

Plan Name Delta Airlines Family Care Savings Plan
Location Atlanta, GA
Asset Size >$10 billion
Number of Participants More than 60,000
Business Airlines
Participation rate 86.3%
Avg. deferral rate 9.5%
No. of funds offered 17
Investment Review Quarterly
True-up feature No
Match Vesting Period 2 years
Eligibility Immediate
Default deferral rate 6.0%
Default investment Custom Target-Date Fund
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization No
Match Rate 100% of first 6% of salary
% receiving full match 75% or more
Max Employer Contribution 9%
   
Financial education:  
Saving/budgeting Yes
Investing strategies  
College saving Yes
Credit/debt mgt Yes
Tax/estate planning  
Retiree health costs/savings options Yes
   
Recordkeeper Fidelity Investments

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