LEAR CORPORATION SALARIED RETIREMENT PROGRAM
Plan Contact
- Address: 21557 TELEGRAPH ROAD,SOUTHFIELD,MI
- Contact person: SARAH BRAUN
- Phone: (248) 447-1500
Plan General Information
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LEAR CORPORATION SALARIED RETIREMENT PROGRAM is $1,092,995,410.00.This plan was established in 1989.
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LEAR CORPORATION SALARIED RETIREMENT PROGRAM is 4550
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LEAR CORPORATION SALARIED RETIREMENT PROGRAM is $240,218.00
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LEAR CORPORATION SALARIED RETIREMENT PROGRAM is $7,434.00.
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LEAR CORPORATION SALARIED RETIREMENT PROGRAM is approximately $7,965.00
Investing in this additonal $7,965.00 for 20 years would give you extra $509,800.00, assuming a 10% annual return.
Investing in this additonal $7,965.00 for 20 years would give you extra $509,800.00, assuming a 10% annual return.
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Total Employer Contribution and Match Rate
In 2023, LEAR CORPORATION SALARIED RETIREMENT PROGRAM allocates $36,243,632.00 to match its employees' contributions, providing an employer match rate of 108.16% of their contributions
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LEAR CORPORATION SALARIED RETIREMENT PROGRAM is 17.83%.
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LEAR CORPORATION SALARIED RETIREMENT PROGRAM is 17.18%. This measures the effectiveness of the plan participants' investments in the year.
LEAR CORPORATION SALARIED RETIREMENT PROGRAM Expense Ratio
In 2023, the investment and administrative expense ratio of LEAR CORPORATION SALARIED RETIREMENT PROGRAM is 0.10%.
Enrollment Features
LEAR CORPORATION SALARIED RETIREMENT PROGRAM 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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