UNIVERSAL MUSIC GROUP 401(K) PLAN
Plan Contact
- Address: 2220 COLORADO AVENUE,SANTA MONICA,CA
- Contact person: CHRISTOPHER SMITH
- Phone: (310) 865-5000
Plan General Information
UNIVERSAL MUSIC GROUP 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of UNIVERSAL MUSIC GROUP 401(K) PLAN is $1,255,189,085.00.This plan was established in 1985.
UNIVERSAL MUSIC GROUP 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in UNIVERSAL MUSIC GROUP 401(K) PLAN is 6645
UNIVERSAL MUSIC GROUP 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for UNIVERSAL MUSIC GROUP 401(K) PLAN is $188,892.00
UNIVERSAL MUSIC GROUP 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for UNIVERSAL MUSIC GROUP 401(K) PLAN is $5,348.00.
UNIVERSAL MUSIC GROUP 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in UNIVERSAL MUSIC GROUP 401(K) PLAN is approximately $5,677.00
Investing in this additonal $5,677.00 for 20 years would give you extra $363,338.00, assuming a 10% annual return.
Investing in this additonal $5,677.00 for 20 years would give you extra $363,338.00, assuming a 10% annual return.
UNIVERSAL MUSIC GROUP 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, UNIVERSAL MUSIC GROUP 401(K) PLAN allocates $37,724,704.00 to match its employees' contributions, providing an employer match rate of 110.28% of their contributions
UNIVERSAL MUSIC GROUP 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of UNIVERSAL MUSIC GROUP 401(K) PLAN is 20.55%.
UNIVERSAL MUSIC GROUP 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for UNIVERSAL MUSIC GROUP 401(K) PLAN is 18.91%. This measures the effectiveness of the plan participants' investments in the year.
UNIVERSAL MUSIC GROUP 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of UNIVERSAL MUSIC GROUP 401(K) PLAN is 0.03%.
Enrollment Features
UNIVERSAL MUSIC GROUP 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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