TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES
Plan Contact
- Address: 500 NORTH FIELD DRIVE,LAKE FOREST,IL
- Contact person: REX ABERCROMBIE
- Phone: (847) 482-5000
Plan General Information
TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2011, the total number of retirement plan participants in TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES is 5427
TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2011, the estimated average employee contribution amount per participant for TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES is $3,272.00.
TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES Estimated Average Employer Match
In 2011, the estimated average employer match for an employee in TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES is approximately $1,597.00
Investing in this additonal $1,597.00 for 20 years would give you extra $102,265.00, assuming a 10% annual return.
Investing in this additonal $1,597.00 for 20 years would give you extra $102,265.00, assuming a 10% annual return.
TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2011, TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES allocates $8,671,814.00 to match its employees' contributions, providing an employer match rate of 97.65% of their contributions
Enrollment Features
TENNECO EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES 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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