TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM
Plan Contact
- Address: 38505 WOODWARD AVENUE, SUITE 200,BLOOMFIELD HILLS,MI
- Contact person: JILL STRESS
- Phone: (248) 631-5450
Plan General Information
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is $77,347,825.00.This plan was established in 2003.
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is 1634
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is $47,336.00
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is $3,603.00.
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is approximately $1,515.00
Investing in this additonal $1,515.00 for 20 years would give you extra $97,005.00, assuming a 10% annual return.
Investing in this additonal $1,515.00 for 20 years would give you extra $97,005.00, assuming a 10% annual return.
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Total Employer Contribution and Match Rate
In 2023, TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM allocates $2,476,677.00 to match its employees' contributions, providing an employer match rate of 43.34% of their contributions
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is 24.09%.
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is 24.20%. This measures the effectiveness of the plan participants' investments in the year.
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM Expense Ratio
In 2023, the investment and administrative expense ratio of TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM is 0.30%.
Enrollment Features
TRIMAS CORPORATION HOURLY RETIREMENT PROGRAM has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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