THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN
Plan Contact
- Address: 901 DORIS RD.,AUBURN HILLS,MI
- Contact person: NICOLE SEDLAK
- Phone: (248) 340-8000
Plan General Information
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is $53,953,904.00.This plan was established in 1985.
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is 266
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is $202,834.00
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is $5,599.00.
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is approximately $1,557.00
Investing in this additonal $1,557.00 for 20 years would give you extra $99,666.00, assuming a 10% annual return.
Investing in this additonal $1,557.00 for 20 years would give you extra $99,666.00, assuming a 10% annual return.
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN allocates $414,237.00 to match its employees' contributions, providing an employer match rate of 26.66% of their contributions
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is 20.44%.
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is 20.43%. This measures the effectiveness of the plan participants' investments in the year.
THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THYSSENKRUPP SYSTEM ENGINEERING, INC. 401(K) PLAN is 0.04%.
Enrollment Features
THYSSENKRUPP SYSTEM ENGINEERING, 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
Recent Articles
- Why Managing Volatility Matters
- Stock Compensation 101: How People Build Wealth (or Blow It)
- Retirement Plan Contribution Limits in 2024
- How to Take Advantage of Your ESPP (Employer Stock Purchase Plan)
- June 2025 MyPlanIQ Portfolio Update
- How to Benefit from Your ESPP (Employer Stock Purchase Plan)
- Simple 401(k) Investment Guide
- Why Actively Managed Bond Funds Outperform Index Funds More Often Than Stocks
- Income Growth, Historical 401(k) Contribution Limit Data
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...