Press release
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march 15, 2019 - FCA Corporate
FCA US Salaried Employee 401(k) Plan Earns Plan Sponsor Magazine’s Annual Best-in-Class Award
- One of 36 winning 401(k) plans recognized nationally from nearly 4,000 applicants
- Only automaker on the list of winning 401(k) programs
- Part of the Company’s Financial Fitness initiative to help employees build and maintain a secure financial future for themselves and their families
FCA US was among 36 companies to achieve this prestigious benchmark. The magazine considered applications from nearly 4,000 companies in making its selections.
FCA US is the only automaker on the list of selected programs.
“FCA US is committed to helping our employees improve their financial fitness,” said Maria Darbonne, Manager, Savings Plans, #fca US LLC. “Our 401(k) plan is the centerpiece of a robust Financial Fitness initiative that includes student loan refinancing and other programs and information resources to help our employees build and maintain a secure financial future for themselves and their families.”
Plan Sponsor magazine made its selections through a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight, governance and participant outcomes.
Features of the #fcaUS 401(k) plan include:
- Immediate eligibility for all employees including automatic enrollment and automatic escalation features
- A company matching contribution equal to $.50 of every dollar contributed up to 10% of deferred pre-tax base pay or a Roth, with immediate 100% vesting
- A 3 percent (of base pay) unmatched Company contribution with a three-year vesting schedule
- Twelve target date funds and 12 core menu investment fund options
- A self-directed brokerage window and a managed account feature – both at no cost to the employee.
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