2018 Best In Class – Ford Motor Company – Salaried Employee Plan

Plan Name Ford Motor Company — Salaried Employee Plan
Location Dearborn, MI
Asset Size $11.8 billion
Number of Participants 46,600
Business Automotive – Manufacturing, Parts
Participation rate 93.4%
Avg. deferral rate 10.9%
No. of funds offered 12
Investment Review Quarterly
True-up feature Yes
Match Vesting Period 3 years
Eligibility Immediate
Default deferral rate 5.0%
Default investment Retail Target-Date Fund (Indexed)
Auto-escalation Opt-Out
Systematic withdrawals Yes
Fee equalization Not applicable
Match Rate 90% of first 5% of salary
% receiving full match 85% or more
Max Employer Contribution 8% – 10%
   
Financial education:  
Saving/budgeting Yes
Investing strategies Yes
College saving  
Credit/debt mgt  
Tax/estate planning  
Retiree health costs/savings options Yes
   
Recordkeeper Conduent LLC 

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