AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: P.O. BOX 269,LEWISTON,MI
- Phone: (989) 786-3755
Plan General Information
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is $4,110,634.00.This plan was established in 1998.
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is 207
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is $19,858.00
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is $1,013.00.
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is approximately $539.00
Investing in this additonal $539.00 for 20 years would give you extra $34,528.00, assuming a 10% annual return.
Investing in this additonal $539.00 for 20 years would give you extra $34,528.00, assuming a 10% annual return.
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN allocates $111,679.00 to match its employees' contributions, providing an employer match rate of 51.11% of their contributions
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is 2.89%.
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is 16.59%. This measures the effectiveness of the plan participants' investments in the year.
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN is 1.01%.
Enrollment Features
AUTOMOTIVE MANUFACTURING EMPLOYEES' 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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