ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN

Overview

Plan Contact

  • Address: 12001 TECH CENTER DRIVE,LIVONIA,MI
  • Contact person: TAMIKA MONTGOMERY
  • Phone: (734) 855-2600

Plan General Information


At the end of 2022, the total retirement plan assets of ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is $1,571,846,955.This plan was established in 2003.

At the end of 2022, the total number of retirement plan participants in ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is 12640

In 2022, the average participant retirement account value for ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is $124,354

In 2022, the estimated average employee contribution amount per participant for ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is $5,474

In 2022, the estimated average employer match for an employee in ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is approximately $3,669

In 2022, ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN allocates $46,387,996 to match its employees’ contributions, providing an employer match rate of 65.98% of their contributions

In 2022, the total retirement plan asset growth rate of ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is -19.40%

In 2022, the estimated aggregate retirement account investment gain/loss for ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is -17.92%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN is 0.08%.

Enrollment Features

ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN has the following features:
    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.