WACKER UNION SAVINGS PLAN
Plan Contact
- Address: 4950 S STATE ROAD,ANN ARBOR,MI
- Contact person: CYNTHIA LAURAIN
- Phone: (734) 489-8295
Plan General Information
WACKER UNION SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WACKER UNION SAVINGS PLAN is $30,802,756.00.This plan was established in 1987.
WACKER UNION SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WACKER UNION SAVINGS PLAN is 297
WACKER UNION SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WACKER UNION SAVINGS PLAN is $103,712.00
WACKER UNION SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WACKER UNION SAVINGS PLAN is $4,678.00.
WACKER UNION SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WACKER UNION SAVINGS PLAN is approximately $3,234.00
Investing in this additonal $3,234.00 for 20 years would give you extra $206,991.00, assuming a 10% annual return.
Investing in this additonal $3,234.00 for 20 years would give you extra $206,991.00, assuming a 10% annual return.
WACKER UNION SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, WACKER UNION SAVINGS PLAN allocates $960,568.00 to match its employees' contributions, providing an employer match rate of 65.50% of their contributions
WACKER UNION SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WACKER UNION SAVINGS PLAN is 10.35%.
WACKER UNION SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WACKER UNION SAVINGS PLAN is 15.83%. This measures the effectiveness of the plan participants' investments in the year.
WACKER UNION SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WACKER UNION SAVINGS PLAN is 0.08%.
Enrollment Features
WACKER UNION SAVINGS 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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