MAY MOBILITY, INC. 401(K) PLAN
Plan Contact
- Address: 650 AVIS SUITE 100,ANN ARBOR,MI
- Contact person: AMANDA MUDGETT
- Phone: (734) 369-8874
Plan General Information
MAY MOBILITY, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAY MOBILITY, INC. 401(K) PLAN is $16,113,337.00.This plan was established in 2018.
MAY MOBILITY, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAY MOBILITY, INC. 401(K) PLAN is 317
MAY MOBILITY, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAY MOBILITY, INC. 401(K) PLAN is $50,830.00
MAY MOBILITY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAY MOBILITY, INC. 401(K) PLAN is $15,134.00.
MAY MOBILITY, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAY MOBILITY, INC. 401(K) PLAN is approximately $4,654.00
Investing in this additonal $4,654.00 for 20 years would give you extra $297,898.00, assuming a 10% annual return.
Investing in this additonal $4,654.00 for 20 years would give you extra $297,898.00, assuming a 10% annual return.
MAY MOBILITY, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MAY MOBILITY, INC. 401(K) PLAN allocates $1,475,530.00 to match its employees' contributions, providing an employer match rate of 44.22% of their contributions
MAY MOBILITY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAY MOBILITY, INC. 401(K) PLAN is 89.19%.
MAY MOBILITY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAY MOBILITY, INC. 401(K) PLAN is 22.60%. This measures the effectiveness of the plan participants' investments in the year.
MAY MOBILITY, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAY MOBILITY, INC. 401(K) PLAN is 0.30%.
Enrollment Features
MAY MOBILITY, INC. 401(K) PLAN 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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