DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES
Plan Contact
- Address: 111 WEST JACKSON BLVD.,,CHICAGO,IL
- Contact person: DANIEL OLIVI
- Phone: (312) 525-2735
Plan General Information
DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES is 4075
DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES is $5,067.00.
DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES is approximately $1,001.00
Investing in this additonal $1,001.00 for 20 years would give you extra $64,114.00, assuming a 10% annual return.
Investing in this additonal $1,001.00 for 20 years would give you extra $64,114.00, assuming a 10% annual return.
DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES Total Employer Contribution and Match Rate
In 2020, DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES allocates $4,082,270.00 to match its employees' contributions, providing an employer match rate of 39.54% of their contributions
Enrollment Features
DEFINED CONTRIBUTION 401(K) PENSION PLAN FOR CERTAIN THYSSENKRUPP U.S. GROUP COMPANIES has the following features: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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