Chrysler Canada

FCA US Salaried Employee 401(k) Plan Earns Plan Sponsor Magazine’s Annual Best-in-Class Award

March 12, 2019

, Auburn Hills, Mich.

Plan Sponsor repository has comparison a FCA US LLC Salaried Employee Savings 401(k) Plan as a personality of a annual “Best-in-Class” Award. 

FCA US was among 36 companies to grasp this prestigious benchmark. The repository deliberate applications from scarcely 4,000 companies in creation a selections.

FCA US is a usually automaker on a list of comparison programs.

“FCA US is committed to assisting a employees urge their financial fitness,” pronounced Maria Darbonne, Manager, Savings Plans, FCA US LLC. “Our 401(k) devise is a centerpiece of a strong Financial Fitness beginning that includes tyro loan refinancing and other programs and information resources to assistance a employees build and say a secure financial destiny for themselves and their families.”

Plan Sponsor repository done a selections by a exclusive complement that weighted usage/implementation of some-more than 30 criteria associated to devise design, oversight, governance and member outcomes.

Features of a FCA US 401(k) devise include:

  • Immediate eligibility for all employees including involuntary enrollment and involuntary escalation features
  • A association relating grant equal to $.50 of each dollar contributed adult to 10% of deferred pre-tax bottom compensate or a Roth, with evident 100% vesting
  • A 3 percent (of bottom pay) unmatched Company grant with a three-year vesting schedule
  • Twelve target date supports and 12 core menu investment comment options
  • A self-directed brokerage window and a managed comment underline – both during no cost to a employee. 

FCA US continued a tradition as a personality in providing attractive, innovative advantages to employees in Jan when it combined a student loan refinancing program to a package of advantages offering to salaried employees. The module is being offering in partnership with CommonBond for Business, a tyro loan advantages product from financial record association CommonBond.

FCA US salaried employees with tyro debt, as good as employees with sovereign government-backed Parent PLUS loans, are authorised to refinance these loans by a module with elite terms.

The Company’s 401(k) devise and tyro loan refinance module are partial of a Financial Fitness beginning that provides programs and information resources to assistance employees take control of their financial wellness. 
FCA US LLC is a North American automaker formed in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles underneath a Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as good as a SRT opening designation. The Company also distributes Mopar and Alfa Romeo tools and accessories. FCA US is building on a ancestral foundations of Chrysler Corp., determined in 1925 by attention idealist Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of a Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA).

FCA is an general automotive organisation listed on a New York Stock Exchange underneath a pitch “FCAU” and on a Mercato Telematico Azionario underneath a pitch “FCA.”

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