LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 21557 TELEGRAPH ROAD,SOUTHFIELD,MI
- Contact person: SARAH BRAUN
- Phone: (248) 447-1500
Plan General Information
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is $160,930,899.00.This plan was established in 1995.
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is 6673
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is $24,116.00
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is $1,521.00.
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is approximately $577.00
Investing in this additonal $577.00 for 20 years would give you extra $36,977.00, assuming a 10% annual return.
Investing in this additonal $577.00 for 20 years would give you extra $36,977.00, assuming a 10% annual return.
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN allocates $3,855,496.00 to match its employees' contributions, providing an employer match rate of 35.48% of their contributions
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is 11.92%.
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is 15.59%. This measures the effectiveness of the plan participants' investments in the year.
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN is 0.07%.
Enrollment Features
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN has the following features: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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