SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN
Plan Contact
- Address: 3400 EAST LAFAYETTE,DETROIT,MI
- Contact person: TIM BLEY
- Phone: (313) 567-7000
Plan General Information
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is $65,922,560.00.This plan was established in 1998.
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is 1240
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is $53,163.00
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is $6,906.00.
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is approximately $1,347.00
Investing in this additonal $1,347.00 for 20 years would give you extra $86,253.00, assuming a 10% annual return.
Investing in this additonal $1,347.00 for 20 years would give you extra $86,253.00, assuming a 10% annual return.
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Total Employer Contribution and Match Rate
In 2019, SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN allocates $1,671,168.00 to match its employees' contributions, providing an employer match rate of 39.03% of their contributions
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is 21.91%.
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is 19.18%. This measures the effectiveness of the plan participants' investments in the year.
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN Expense Ratio
In 2019, the investment and administrative expense ratio of SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN is 0.33%.
Enrollment Features
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARIN 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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