MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES

Plan Contact

  • Address: 2100 N OPDYKE ROAD,AUBURN HILLS,MI
  • Contact person: JOANNE PUTMAN
  • Phone: (615) 212-0586

Plan General Information

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is $1,939,875.00.This plan was established in 2005.

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is 188

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Average Participant Retirement Account Value

In 2022, the average participant retirement account value for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is $10,318.00

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is $2,654.00.

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is approximately $541.00
Investing in this additonal $541.00 for 20 years would give you extra $34,679.00, assuming a 10% annual return.

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Total Employer Contribution and Match Rate

In 2022, MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES allocates $101,872.00 to match its employees' contributions, providing an employer match rate of 40.82% of their contributions

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is -3.77%.

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is -14.52%. This measures the effectiveness of the plan participants' investments in the year.

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES Expense Ratio

In 2022, the investment and administrative expense ratio of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES is 0.46%.

Enrollment Features

MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION EMPLOYEES 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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