NEMAK USA, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 2 TOWNE SQUARE, SUITE 300,SOUTHFIELD,MI
- Contact person: LAURA DESCHAINE
- Phone: (615) 446-8110
Plan General Information
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEMAK USA, INC. RETIREMENT SAVINGS PLAN is $174,713,473.00.This plan was established in 2002.
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEMAK USA, INC. RETIREMENT SAVINGS PLAN is 2829
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEMAK USA, INC. RETIREMENT SAVINGS PLAN is $61,758.00
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEMAK USA, INC. RETIREMENT SAVINGS PLAN is $4,104.00.
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEMAK USA, INC. RETIREMENT SAVINGS PLAN is approximately $1,872.00
Investing in this additonal $1,872.00 for 20 years would give you extra $119,834.00, assuming a 10% annual return.
Investing in this additonal $1,872.00 for 20 years would give you extra $119,834.00, assuming a 10% annual return.
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NEMAK USA, INC. RETIREMENT SAVINGS PLAN allocates $5,297,045.00 to match its employees' contributions, providing an employer match rate of 47.13% of their contributions
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEMAK USA, INC. RETIREMENT SAVINGS PLAN is 19.78%.
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEMAK USA, INC. RETIREMENT SAVINGS PLAN is 17.23%. This measures the effectiveness of the plan participants' investments in the year.
NEMAK USA, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NEMAK USA, INC. RETIREMENT SAVINGS PLAN is 0.29%.
Enrollment Features
NEMAK USA, INC. RETIREMENT SAVINGS PLAN 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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