BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN
Plan Contact
- Address: 35500 CHESTER ROAD,AVON,OH
- Contact person: JAMIE CHAVAYDA
- Phone: (440) 329-9000
Plan General Information
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is $355,652,772.00.This plan was established in 1993.
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is 3087
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is $115,209.00
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is $5,837.00.
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is approximately $2,869.00
Investing in this additonal $2,869.00 for 20 years would give you extra $183,653.00, assuming a 10% annual return.
Investing in this additonal $2,869.00 for 20 years would give you extra $183,653.00, assuming a 10% annual return.
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN allocates $8,858,431.00 to match its employees' contributions, providing an employer match rate of 58.28% of their contributions
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is 11.75%.
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is 17.28%. This measures the effectiveness of the plan participants' investments in the year.
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN is 0.03%.
Enrollment Features
BENDIX COMMERCIAL VEHICLE SYSTEMS LLC 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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