ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN
Plan Contact
- Address: 41100 PLYMOUTH ROAD,,PLYMOUTH,MI
- Contact person: JULIE HALFADAY
- Phone: (425) 444-3649
Plan General Information
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is $19,109,565.00.This plan was established in 1999.
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is 201
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is $95,072.00
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is $7,086.00.
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is approximately $2,213.00
Investing in this additonal $2,213.00 for 20 years would give you extra $141,681.00, assuming a 10% annual return.
Investing in this additonal $2,213.00 for 20 years would give you extra $141,681.00, assuming a 10% annual return.
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN allocates $444,970.00 to match its employees' contributions, providing an employer match rate of 30.48% of their contributions
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is 22.52%.
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is 19.90%. This measures the effectiveness of the plan participants' investments in the year.
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ELEKTROBIT AUTOMOTIVE AMERICAS INC. 401(K) PLAN is 0.40%.
Enrollment Features
ELEKTROBIT AUTOMOTIVE AMERICAS INC. 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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