GREDE SAVINGS PLAN

Plan Contact

  • Address: 20750 CIVIC CENTER DRIVE,,SOUTHFIELD,MI
  • Contact person: ERICA CERNEKA
  • Phone: (248) 440-9500

Plan General Information

GREDE SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GREDE SAVINGS PLAN is $114,487,591.00.This plan was established in 2019.

GREDE SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GREDE SAVINGS PLAN is 2277

GREDE SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GREDE SAVINGS PLAN is $50,280.00

GREDE SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for GREDE SAVINGS PLAN is $2,716.00.

GREDE SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GREDE SAVINGS PLAN is approximately $1,097.00
Investing in this additonal $1,097.00 for 20 years would give you extra $70,210.00, assuming a 10% annual return.

GREDE SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, GREDE SAVINGS PLAN allocates $2,497,960.00 to match its employees' contributions, providing an employer match rate of 36.83% of their contributions

GREDE SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GREDE SAVINGS PLAN is 14.71%.

GREDE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GREDE SAVINGS PLAN is 18.14%. This measures the effectiveness of the plan participants' investments in the year.

GREDE SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GREDE SAVINGS PLAN is 0.19%.

Enrollment Features

GREDE SAVINGS 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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