Comerica Incorporated 401(k) match: 4% max
Comerica Incorporated Preferred Savings Plan · CIK 28412
Maximum employer match, as a share of pay
4%
Comerica Incorporated matches 100% (dollar-for-dollar) of the first 4% of pay.
From the Form 11-K filed May 29, 2025 ↗, covering the plan year ended December 31, 2024. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Comerica puts in, and what the plan costs
What Comerica put into the plan, per active participant
$3,806
Comerica Incorporated put $3,806 into this plan for each of its 7,885 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Comerica put in less per active participant than 68% of plans with 5,000+ participants at banks and lenders. The middle plan in that group of 66 reported $4,881. Banks and lenders comes from business code 522110, which Comerica entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Comerica pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 381998421, plan 002 · DOL EFAST2 ↗
The $3,806 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Comerica Incorporated also files a Form 11-K, which states the match formula for plan year 2024: the card below reads $1,980 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures measure different things, so neither one is the other one corrected.
What Comerica puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Corporation makes a matching contribution on behalf of each eligible participant of 100 percent of the first four percent of qualified earnings contributed by the participant and is invested based on the participant's investment elections. Participants are eligible to receive matching contributions on the first pay date occurring in the calendar month which is immediately following the date the participant completes six consecutive calendar months of service.”
What you contribute to collect all of it
Contribute at least 4% of your pay to collect the full match.
That is $1,980 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Employer matching contributions are 100 percent vested at the time they are contributed to a participant's individual account.”
The match starts with the job. This is a filed term, and it does not move the score above.
Eligibility, word for word
“Employees are generally eligible to participate in the Plan on the day they first perform service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
28th percentile
$34.56 per participant in plan-paid administrative cost, cheaper than 72% of plans with 5,000+ participants.
What is Comerica's 401(k) match formula?
Comerica's 401(k) employer match tops out at 4% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 4% of pay |
|---|---|
| Maximum employer match | 4% of compensation |
| Conditions | Participants are eligible to receive matching contributions on the first pay date occurring in the calendar month which is immediately following the date the participant completes six consecutive calendar months of service. |
At a $45,000 salary, contributing 4% ($1,800) earns the full employer match of $1,800 for the year.
What the filing says, word for word
“The Corporation makes a matching contribution on behalf of each eligible participant of 100 percent of the first four percent of qualified earnings contributed by the participant and is invested based on the participant's investment elections. Participants are eligible to receive matching contributions on the first pay date occurring in the calendar month which is immediately following the date the participant completes six consecutive calendar months of service.”
Source: Form 11-K filed May 29, 2025, SEC EDGAR · SEC ↗
What is Comerica's 401(k) vesting schedule?
Comerica vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Employer matching contributions are 100 percent vested at the time they are contributed to a participant's individual account.”
Source: Form 11-K filed May 29, 2025, SEC EDGAR · SEC ↗
Who can join Comerica's 401(k), and is enrollment automatic?
Comerica's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | Employees are generally eligible to participate in the Plan on the day they first perform service. |
|---|---|
| Match eligibility | Participants are eligible to receive matching contributions on the first pay date occurring in the calendar month which is immediately following the date the participant completes six consecutive calendar months of service. |
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“Employees are generally eligible to participate in the Plan on the day they first perform service.”
Source: Form 11-K filed May 29, 2025, SEC EDGAR · SEC ↗
What does the Comerica plan report on Form 5500?
The Comerica plan reported $2.0B in assets and 11,333 participants for plan year 2024.
| Total plan assets | $1,972,747,162 |
|---|---|
| Participants | 11,333 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $34.56 |
How that cost compares
This plan pays $34.56 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Comerica Incorporated Preferred Savings Plan on its Form 5500 filing: fees, providers and financials
How does Comerica's 401(k) match compare?
Comerica Incorporated's maximum 401(k) match of 4% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 3% of pay. Also at banks and lenders.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 3.5% of pay. Vests immediately too, like Comerica.
Compare Comerica Incorporated with any company, side by side
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed May 29, 2025, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Comerica Incorporated's 401(k) match?
Comerica Incorporated matches 100% of employee contributions up to 4% of eligible pay (plan year ended December 31, 2024).
When does the Comerica Incorporated 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Comerica Incorporated's 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Cite: 401(k) Monitor, “Comerica Incorporated 401(k) plan facts”, from SEC Form 11-K accession 0000028412-25-000169, plan year ended 2024-12-31.