POLESTAR AUTOMOTIVE USA INC.
Plan Contact
- Address: 777 MACARTHUR BLVD.,MAHWAH,NJ
- Contact person: EDWARD SAROSY
- Phone: (201) 419-1193
Plan General Information
POLESTAR AUTOMOTIVE USA INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of POLESTAR AUTOMOTIVE USA INC. is $8,474,721.00.This plan was established in 2023.
POLESTAR AUTOMOTIVE USA INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in POLESTAR AUTOMOTIVE USA INC. is 107
POLESTAR AUTOMOTIVE USA INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for POLESTAR AUTOMOTIVE USA INC. is $79,203.00
POLESTAR AUTOMOTIVE USA INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for POLESTAR AUTOMOTIVE USA INC. is $15,717.00.
POLESTAR AUTOMOTIVE USA INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in POLESTAR AUTOMOTIVE USA INC. is approximately $7,245.00
Investing in this additonal $7,245.00 for 20 years would give you extra $463,729.00, assuming a 10% annual return.
Investing in this additonal $7,245.00 for 20 years would give you extra $463,729.00, assuming a 10% annual return.
POLESTAR AUTOMOTIVE USA INC. Total Employer Contribution and Match Rate
In 2023, POLESTAR AUTOMOTIVE USA INC. allocates $775,298.00 to match its employees' contributions, providing an employer match rate of 92.20% of their contributions
POLESTAR AUTOMOTIVE USA INC. Expense Ratio
In 2023, the investment and administrative expense ratio of POLESTAR AUTOMOTIVE USA INC. is 0.31%.
Enrollment Features
POLESTAR AUTOMOTIVE USA INC. 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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