MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION
Plan Contact
- Address: 2100 N OPDYKE ROAD,AUBURN HILLS,MI
- Contact person: JOANNE PUTMAN
- Phone: (615) 212-0586
Plan General Information
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is $2,015,936.00.This plan was established in 2022.
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is 236
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Average Participant Retirement Account Value
In 2021, the average participant retirement account value for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is $8,542.00
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is $852.00.
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is approximately $332.00
Investing in this additonal $332.00 for 20 years would give you extra $21,281.00, assuming a 10% annual return.
Investing in this additonal $332.00 for 20 years would give you extra $21,281.00, assuming a 10% annual return.
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Total Employer Contribution and Match Rate
In 2021, MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION allocates $78,474.00 to match its employees' contributions, providing an employer match rate of 39.02% of their contributions
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is 24.23%.
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is 13.04%. This measures the effectiveness of the plan participants' investments in the year.
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION Expense Ratio
In 2021, the investment and administrative expense ratio of MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION is 0.43%.
Enrollment Features
MARTINREA INDUSTRIES, INC. EMPLOYEES SAVINGS AND INVESTMENT PLAN - ICON UNION 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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