DRIV 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 15701 TECHNOLOGY DRIVE,,NORTHVILLE,MI
- Contact person: JENNIFER LOU
- Phone: (248) 849-1290
Plan General Information
DRIV 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in DRIV 401(K) RETIREMENT SAVINGS PLAN is 14985
DRIV 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for DRIV 401(K) RETIREMENT SAVINGS PLAN is $1,208.00.
DRIV 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in DRIV 401(K) RETIREMENT SAVINGS PLAN is approximately $824.00
Investing in this additonal $824.00 for 20 years would give you extra $52,774.00, assuming a 10% annual return.
Investing in this additonal $824.00 for 20 years would give you extra $52,774.00, assuming a 10% annual return.
DRIV 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, DRIV 401(K) RETIREMENT SAVINGS PLAN allocates $12,356,661.00 to match its employees' contributions, providing an employer match rate of 80.41% of their contributions
Enrollment Features
DRIV 401(K) RETIREMENT 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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