IT GROUP, LLC 401(K) SAVINGS PLAN

Plan Contact

  • Address: 30230 ORCHARD LAKE ROAD,FARMINGTON HILLS,MI
  • Contact person: SARAH GIBBS
  • Phone: (586) 698-1360

Plan General Information

IT GROUP, LLC 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IT GROUP, LLC 401(K) SAVINGS PLAN is $24,233,953.00.This plan was established in 2003.

IT GROUP, LLC 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IT GROUP, LLC 401(K) SAVINGS PLAN is 170

IT GROUP, LLC 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IT GROUP, LLC 401(K) SAVINGS PLAN is $142,552.00

IT GROUP, LLC 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IT GROUP, LLC 401(K) SAVINGS PLAN is $14,169.00.

IT GROUP, LLC 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IT GROUP, LLC 401(K) SAVINGS PLAN is approximately $5,495.00
Investing in this additonal $5,495.00 for 20 years would give you extra $351,727.00, assuming a 10% annual return.

IT GROUP, LLC 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, IT GROUP, LLC 401(K) SAVINGS PLAN allocates $934,275.00 to match its employees' contributions, providing an employer match rate of 77.57% of their contributions

IT GROUP, LLC 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IT GROUP, LLC 401(K) SAVINGS PLAN is 24.30%.

IT GROUP, LLC 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IT GROUP, LLC 401(K) SAVINGS PLAN is 16.71%. This measures the effectiveness of the plan participants' investments in the year.

IT GROUP, LLC 401(K) SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of IT GROUP, LLC 401(K) SAVINGS PLAN is 0.37%.

Enrollment Features

IT GROUP, LLC 401(K) 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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