FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES
Plan Contact
- Address: TAX DEPARTMENT, 1 AMERICAN ROAD,,,DEARBORN,MI
- Contact person: MATTHEW DUPUIS
- Phone: (313) 322-3000
Plan General Information
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is $7,617,084,451.00.This plan was established in 1985.
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is 84045
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is $90,631.00
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is $3,787.00.
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is approximately $1,967.00
Investing in this additonal $1,967.00 for 20 years would give you extra $125,912.00, assuming a 10% annual return.
Investing in this additonal $1,967.00 for 20 years would give you extra $125,912.00, assuming a 10% annual return.
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2023, FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES allocates $165,349,032.00 to match its employees' contributions, providing an employer match rate of 52.70% of their contributions
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is 18.18%.
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is 17.46%. This measures the effectiveness of the plan participants' investments in the year.
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES is 0.00%.
Enrollment Features
FORD MOTOR CO. TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES 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.
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