APTIV HOURLY 401(K) PLAN

Overview

Plan Contact

  • Address: EMPLOYEE BENEFITS,,TROY,MI
  • Contact person: JUSTIN AIROSO
  • Phone: (248) 813-3005

Plan General Information


At the end of 2022, the total retirement plan assets of APTIV HOURLY 401(K) PLAN is $277,863,453.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in APTIV HOURLY 401(K) PLAN is 4642

In 2022, the average participant retirement account value for APTIV HOURLY 401(K) PLAN is $59,858

In 2022, the estimated average employee contribution amount per participant for APTIV HOURLY 401(K) PLAN is $532

In 2022, the estimated average employer match for an employee in APTIV HOURLY 401(K) PLAN is approximately $685

In 2022, APTIV HOURLY 401(K) PLAN allocates $3,183,783 to match its employees’ contributions, providing an employer match rate of 126.82% of their contributions

In 2022, the total retirement plan asset growth rate of APTIV HOURLY 401(K) PLAN is -19.99%

In 2022, the estimated aggregate retirement account investment gain/loss for APTIV HOURLY 401(K) PLAN is -14.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of APTIV HOURLY 401(K) PLAN is 0.10%.

Enrollment Features

APTIV HOURLY 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.