MEADE LEXUS 401(K) PLAN & TRUST
Plan Contact
- Address: 45001 NORTHPOINTE BLVD,UTICA,MI
- Contact person: TERRY TADLOCK
- Phone: (586) 803-6206
Plan General Information
MEADE LEXUS 401(K) PLAN & TRUST Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of MEADE LEXUS 401(K) PLAN & TRUST is $9,527,234.00.This plan was established in 2022.
MEADE LEXUS 401(K) PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in MEADE LEXUS 401(K) PLAN & TRUST is 155
MEADE LEXUS 401(K) PLAN & TRUST Average Participant Retirement Account Value
In 2021, the average participant retirement account value for MEADE LEXUS 401(K) PLAN & TRUST is $61,466.00
MEADE LEXUS 401(K) PLAN & TRUST Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for MEADE LEXUS 401(K) PLAN & TRUST is $3,126.00.
MEADE LEXUS 401(K) PLAN & TRUST Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in MEADE LEXUS 401(K) PLAN & TRUST is approximately $542.00
Investing in this additonal $542.00 for 20 years would give you extra $34,735.00, assuming a 10% annual return.
Investing in this additonal $542.00 for 20 years would give you extra $34,735.00, assuming a 10% annual return.
MEADE LEXUS 401(K) PLAN & TRUST Total Employer Contribution and Match Rate
In 2021, MEADE LEXUS 401(K) PLAN & TRUST allocates $84,126.00 to match its employees' contributions, providing an employer match rate of 17.36% of their contributions
MEADE LEXUS 401(K) PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of MEADE LEXUS 401(K) PLAN & TRUST is 24.27%.
MEADE LEXUS 401(K) PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for MEADE LEXUS 401(K) PLAN & TRUST is 17.80%. This measures the effectiveness of the plan participants' investments in the year.
MEADE LEXUS 401(K) PLAN & TRUST Expense Ratio
In 2021, the investment and administrative expense ratio of MEADE LEXUS 401(K) PLAN & TRUST is 0.50%.
Enrollment Features
MEADE LEXUS 401(K) PLAN & TRUST 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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