GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN

Plan Contact

  • Address: 19900 E. 9 MILE RD.,ST. CLAIR SHORES,MI
  • Contact person: GRACE LOPEZ
  • Phone: (586) 772-8200

Plan General Information

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is $2,055,943.00.This plan was established in 2016.

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is 167

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is $12,311.00

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is $6,493.00.

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is approximately $162.00
Investing in this additonal $162.00 for 20 years would give you extra $10,392.00, assuming a 10% annual return.

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN allocates $27,117.00 to match its employees' contributions, providing an employer match rate of 5.00% of their contributions

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is -2.35%.

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is -15.85%. This measures the effectiveness of the plan participants' investments in the year.

GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of GENESIS AUTOMOTIVE GROUP, INC. 401(K) PLAN is 0.97%.

Enrollment Features

GENESIS AUTOMOTIVE GROUP, 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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