SPECMO ENTERPRISES 401(K) PLAN
Plan Contact
- Address: 1200 E AVIS DRIVE,MADISON HEIGHTS,MI
- Contact person: SEAN CARSON
- Phone: (248) 307-2570
Plan General Information
SPECMO ENTERPRISES 401(K) PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of SPECMO ENTERPRISES 401(K) PLAN is $6,491,610.00.This plan was established in 1996.
SPECMO ENTERPRISES 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in SPECMO ENTERPRISES 401(K) PLAN is 128
SPECMO ENTERPRISES 401(K) PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for SPECMO ENTERPRISES 401(K) PLAN is $50,715.00
SPECMO ENTERPRISES 401(K) PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for SPECMO ENTERPRISES 401(K) PLAN is $6,602.00.
SPECMO ENTERPRISES 401(K) PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in SPECMO ENTERPRISES 401(K) PLAN is approximately $350.00
Investing in this additonal $350.00 for 20 years would give you extra $22,444.00, assuming a 10% annual return.
Investing in this additonal $350.00 for 20 years would give you extra $22,444.00, assuming a 10% annual return.
SPECMO ENTERPRISES 401(K) PLAN Total Employer Contribution and Match Rate
In 2020, SPECMO ENTERPRISES 401(K) PLAN allocates $44,888.00 to match its employees' contributions, providing an employer match rate of 10.62% of their contributions
SPECMO ENTERPRISES 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of SPECMO ENTERPRISES 401(K) PLAN is 8.04%.
SPECMO ENTERPRISES 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for SPECMO ENTERPRISES 401(K) PLAN is 13.46%. This measures the effectiveness of the plan participants' investments in the year.
SPECMO ENTERPRISES 401(K) PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of SPECMO ENTERPRISES 401(K) PLAN is 0.36%.
Enrollment Features
SPECMO ENTERPRISES 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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