LG CHEM MICHIGAN INC. 401(K) PLAN
Plan Contact
- Address: 1857 TECHNOLOGY DRIVE,,TROY,MI
- Contact person: PAMELA FRINK
- Phone: (248) 307-1800
Plan General Information
LG CHEM MICHIGAN INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of LG CHEM MICHIGAN INC. 401(K) PLAN is $12,921,654.00.This plan was established in 2010.
LG CHEM MICHIGAN INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in LG CHEM MICHIGAN INC. 401(K) PLAN is 188
LG CHEM MICHIGAN INC. 401(K) PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for LG CHEM MICHIGAN INC. 401(K) PLAN is $68,732.00
LG CHEM MICHIGAN INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for LG CHEM MICHIGAN INC. 401(K) PLAN is $12,383.00.
LG CHEM MICHIGAN INC. 401(K) PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in LG CHEM MICHIGAN INC. 401(K) PLAN is approximately $2,630.00
Investing in this additonal $2,630.00 for 20 years would give you extra $168,355.00, assuming a 10% annual return.
Investing in this additonal $2,630.00 for 20 years would give you extra $168,355.00, assuming a 10% annual return.
LG CHEM MICHIGAN INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2019, LG CHEM MICHIGAN INC. 401(K) PLAN allocates $494,543.00 to match its employees' contributions, providing an employer match rate of 42.48% of their contributions
LG CHEM MICHIGAN INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of LG CHEM MICHIGAN INC. 401(K) PLAN is 40.73%.
LG CHEM MICHIGAN INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for LG CHEM MICHIGAN INC. 401(K) PLAN is 24.03%. This measures the effectiveness of the plan participants' investments in the year.
LG CHEM MICHIGAN INC. 401(K) PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of LG CHEM MICHIGAN INC. 401(K) PLAN is 0.04%.
Enrollment Features
LG CHEM MICHIGAN INC. 401(K) 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.
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