DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR
Plan Contact
- Contact person: RICHARD J. LUEDERS
- Phone: (313) 235-3461
Plan General Information
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Total Retirement Plan Assets
At the end of 2004, the total retirement plan assets of DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is $72,250,199.00.This plan was established in 1983.
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Total Number of Retirement Plan Participants
At the end of 2004, the total number of retirement plan participants in DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is 582
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Average Participant Retirement Account Value
In 2004, the average participant retirement account value for DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is $124,141.00
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Estimated Average Employee Contribution Amount
In 2004, the estimated average employee contribution amount per participant for DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is $11,770.00.
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Estimated Average Employer Match
In 2004, the estimated average employer match for an employee in DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is approximately $2,082.00
Investing in this additonal $2,082.00 for 20 years would give you extra $133,263.00, assuming a 10% annual return.
Investing in this additonal $2,082.00 for 20 years would give you extra $133,263.00, assuming a 10% annual return.
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Total Employer Contribution and Match Rate
In 2004, DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR allocates $1,211,866.00 to match its employees' contributions, providing an employer match rate of 35.38% of their contributions
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Total Retirement Plan Asset Growth Rate
In 2004, the total retirement plan asset growth rate of DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is 8.33%.
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Estimated Aggregate Retirement Account Investment Gain/Loss
In 2004, the estimated aggregate retirement account investment gain/loss for DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is 10.26%. This measures the effectiveness of the plan participants' investments in the year.
DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR Expense Ratio
In 2004, the investment and administrative expense ratio of DETROIT EDISON COMPANY SAVINGS & STOCK OWNERSHIPPLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF THEINTERNATIONAL BROTHERHOOD OF ELECTRICAL WOR is 0.00%.
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