RAY LAETHEM BUICK GMC, INC. 401(K) PLAN

Plan Contact

  • Address: 17677 MACK AVE.,DETROIT,MI
  • Phone: (313) 886-1700

Plan General Information

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is $6,852,898.00.This plan was established in 1991.

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is 229

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is $29,925.00

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is $2,209.00.

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is approximately $240.00
Investing in this additonal $240.00 for 20 years would give you extra $15,391.00, assuming a 10% annual return.

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, RAY LAETHEM BUICK GMC, INC. 401(K) PLAN allocates $55,072.00 to match its employees' contributions, providing an employer match rate of 11.15% of their contributions

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is 13.14%.

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is 13.37%. This measures the effectiveness of the plan participants' investments in the year.

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of RAY LAETHEM BUICK GMC, INC. 401(K) PLAN is 0.03%.

Enrollment Features

RAY LAETHEM BUICK GMC, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.

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