GORNO FORD RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 22025 ALLEN RD,WOODHAVEN,MI
- Contact person: ANTHONY GORNO
- Phone: (734) 676-2200
Plan General Information
GORNO FORD RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of GORNO FORD RETIREMENT SAVINGS PLAN is $7,065,817.00.This plan was established in 1988.
GORNO FORD RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in GORNO FORD RETIREMENT SAVINGS PLAN is 107
GORNO FORD RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for GORNO FORD RETIREMENT SAVINGS PLAN is $66,035.00
GORNO FORD RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for GORNO FORD RETIREMENT SAVINGS PLAN is $4,917.00.
GORNO FORD RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in GORNO FORD RETIREMENT SAVINGS PLAN is approximately $824.00
Investing in this additonal $824.00 for 20 years would give you extra $52,798.00, assuming a 10% annual return.
Investing in this additonal $824.00 for 20 years would give you extra $52,798.00, assuming a 10% annual return.
GORNO FORD RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, GORNO FORD RETIREMENT SAVINGS PLAN allocates $88,272.00 to match its employees' contributions, providing an employer match rate of 16.10% of their contributions
GORNO FORD RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of GORNO FORD RETIREMENT SAVINGS PLAN is -23.79%.
GORNO FORD RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for GORNO FORD RETIREMENT SAVINGS PLAN is -16.16%. This measures the effectiveness of the plan participants' investments in the year.
GORNO FORD RETIREMENT SAVINGS PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of GORNO FORD RETIREMENT SAVINGS PLAN is 0.27%.
Enrollment Features
GORNO FORD RETIREMENT SAVINGS 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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