SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN

Plan Contact

  • Address: 969 CHICAGO ROAD,TROY,MI
  • Contact person: ANTONIO RIBEIRO
  • Phone: (248) 965-7034

Plan General Information

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is $20,975,264.00.This plan was established in 2002.

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is 881

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is $23,808.00

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is $2,843.00.

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is approximately $424.00
Investing in this additonal $424.00 for 20 years would give you extra $27,193.00, assuming a 10% annual return.

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN allocates $374,342.00 to match its employees' contributions, providing an employer match rate of 29.88% of their contributions

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is -1.87%.

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is 12.26%. This measures the effectiveness of the plan participants' investments in the year.

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of SODECIA AUTOMOTIVE DETROIT CORP. 401(K) PLAN is 0.59%.

Enrollment Features

SODECIA AUTOMOTIVE DETROIT CORP. 401(K) 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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