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Website: http://www.lennar.com Lennar is one of the nation's largest homebuilders with a diversified product line including homes for first-time, move-up and active adult buyers. Lennar builds homes priced from $100,000 to over $1,000,000 and are available in urban infill communities to golf course communities. The company markets homes in dual packages with "Everything's Included" and "Design Studio" that gives customers flexibility to choose how they would like to purchase their new home and what features are available. Founded in 1954, Lennar has the following home brands: Cambridge, Greystone, Lennar, NuHome, Patriot, U.S. Home, and Village Builders. Combined, Lennar has delivered more than 500,000 homes in 19 states across the country. Lennar's market regions consist of homebuilding divisions in 16 states: East: Florida, Maryland, Massachusetts, Virginia, New Jersey, New York, North Carolina, Pennsylvania and South Carolina In fiscal 2008, Lennar had revenues of $4.6 billion, down 55% due to a slowdown in new homebuilding. Lennar reported a net loss of $1.1 billion. The company reported deliveries of 15,735 homes in 2008, down 53%. New orders were down 48% in 2008 to 13,391 homes with a cancellation rate of 26%. Benefits - 401(k) Plan - Immediate participation.
Matching contributions currently are 50% of the first 6% of pre-tax
salary deferral, not including catch-up contributions. Vesting
on the match occurs at 20% per year of service (as defined by
the Plan). Updated January 31, 2009 |