DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN
Plan Contact
- Address: 31799 JOHN R ROAD,MADISON HEIGHTS,MI
- Contact person: JAMES SHARP
- Phone: (248) 585-9200
Plan General Information
DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN is 503
DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN is $485.00.
DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN is approximately $89.00
Investing in this additonal $89.00 for 20 years would give you extra $5,714.00, assuming a 10% annual return.
Investing in this additonal $89.00 for 20 years would give you extra $5,714.00, assuming a 10% annual return.
DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN allocates $44,913.00 to match its employees' contributions, providing an employer match rate of 15.80% of their contributions
Enrollment Features
DORSEY SCHOOL OF BUSINESS, 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.
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