METRO TOYOTA, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 13775 BROOKPARK RD,BROOK PARK,OH
- Contact person: MARY CONTI
- Phone: (216) 267-7000
Plan General Information
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is $9,906,226.00.This plan was established in 1991.
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is 114
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is $86,896.00
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is $5,166.00.
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is approximately $1,395.00
Investing in this additonal $1,395.00 for 20 years would give you extra $89,306.00, assuming a 10% annual return.
Investing in this additonal $1,395.00 for 20 years would give you extra $89,306.00, assuming a 10% annual return.
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, METRO TOYOTA, INC. 401(K) RETIREMENT PLAN allocates $159,077.00 to match its employees' contributions, providing an employer match rate of 26.89% of their contributions
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is -22.76%.
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is -19.15%. This measures the effectiveness of the plan participants' investments in the year.
METRO TOYOTA, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of METRO TOYOTA, INC. 401(K) RETIREMENT PLAN is 0.50%.
Enrollment Features
METRO TOYOTA, INC. 401(K) RETIREMENT 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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