TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST
Plan Contact
- Address: 12550 TECH CENTER DR,LIVONIA,MI
- Contact person: ROBERT J. BURGER
- Phone: (734) 522-1422
Plan General Information
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is $11,300,327.00.This plan was established in 1991.
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is 106
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is $106,606.00
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is $8,353.00.
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is approximately $434.00
Investing in this additonal $434.00 for 20 years would give you extra $27,791.00, assuming a 10% annual return.
Investing in this additonal $434.00 for 20 years would give you extra $27,791.00, assuming a 10% annual return.
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Total Employer Contribution and Match Rate
In 2022, TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST allocates $46,029.00 to match its employees' contributions, providing an employer match rate of 10.40% of their contributions
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is -19.45%.
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is -19.38%. This measures the effectiveness of the plan participants' investments in the year.
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST is 0.13%.
Enrollment Features
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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