ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN

Plan Contact

  • Address: 1015 EAST 12TH STREET,,ERIE,PA
  • Contact person: PAT WOLFE
  • Phone: (812) 962-5000

Plan General Information

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is $15,354,892.00.This plan was established in 1997.

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is 294

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is $52,227.00

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is $4,662.00.

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is approximately $2,026.00
Investing in this additonal $2,026.00 for 20 years would give you extra $129,700.00, assuming a 10% annual return.

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN allocates $595,810.00 to match its employees' contributions, providing an employer match rate of 46.64% of their contributions

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is 14.93%.

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is 16.07%. This measures the effectiveness of the plan participants' investments in the year.

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN is 0.30%.

Enrollment Features

ACCURIDE ERIE HOURLY EMPLOYEE SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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