DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN
Plan Contact
- Address: ONE ENERGY PLAZA 240 G O,DETROIT,MI
- Contact person: MICHAEL S COOPER
- Phone: (313) 235-8257
Plan General Information
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is $2,203,217,454.00.This plan was established in 1983.
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is 7693
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is $286,392.00
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is $9,285.00.
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is approximately $5,881.00
Investing in this additonal $5,881.00 for 20 years would give you extra $376,436.00, assuming a 10% annual return.
Investing in this additonal $5,881.00 for 20 years would give you extra $376,436.00, assuming a 10% annual return.
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Total Employer Contribution and Match Rate
In 2023, DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN allocates $45,248,874.00 to match its employees' contributions, providing an employer match rate of 64.21% of their contributions
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is 12.65%.
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is 15.04%. This measures the effectiveness of the plan participants' investments in the year.
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP PLAN is 0.08%.
Enrollment Features
DTE ENERGY COMPANY SAVINGS AND STOCK OWNERSHIP 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.
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