AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN

Plan Contact

  • Address: 6693 DIXIE HIGHWAY,BRIDGEPORT,MI
  • Contact person: MICHAEL GALER
  • Phone: (989) 777-0910

Plan General Information

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is $5,807,453.00.This plan was established in 1978.

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is 122

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is $47,602.00

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is $4,147.00.

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is approximately $1,816.00
Investing in this additonal $1,816.00 for 20 years would give you extra $116,285.00, assuming a 10% annual return.

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN allocates $221,669.00 to match its employees' contributions, providing an employer match rate of 43.45% of their contributions

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is -12.97%.

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is -16.61%. This measures the effectiveness of the plan participants' investments in the year.

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN is 0.73%.

Enrollment Features

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) 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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