DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST
Plan Contact
- Address: 19100 WEST EIGHT MILE ROAD,SOUTHFIELD,MI
- Contact person: JAWAD MALIK
- Phone: (248) 352-8108
Plan General Information
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is $34,392,512.00.This plan was established in 2022.
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is 367
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Average Participant Retirement Account Value
In 2021, the average participant retirement account value for DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is $93,712.00
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is $1,747.00.
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is approximately $1,965.00
Investing in this additonal $1,965.00 for 20 years would give you extra $125,808.00, assuming a 10% annual return.
Investing in this additonal $1,965.00 for 20 years would give you extra $125,808.00, assuming a 10% annual return.
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Total Employer Contribution and Match Rate
In 2021, DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST allocates $721,434.00 to match its employees' contributions, providing an employer match rate of 112.48% of their contributions
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is 13.64%.
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is 13.80%. This measures the effectiveness of the plan participants' investments in the year.
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST Expense Ratio
In 2021, the investment and administrative expense ratio of DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST is 0.30%.
Enrollment Features
DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST 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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