Profile
Veoneer 401(K) Employees Savings and Investment Plan in Southfield, MI is in the Great Lakes area, its EIN is 823701316, its industry group is Motor Vehicle Parts Manufacturing, its plan administrator is Eric Swanson, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, plan year began in q1, its business code is 336300, has 500 to 999 total participants, and is better than the overall participant averages in each of net income per total participant, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total).
Numeric values:
- total assets at beginning of plan year ($123,504,529)
- total assets ($101,510,404)
- net assets (assets minus liabilities) ($101.50M)
- value of interest in common/collective trusts ($47,722,383)
- asset transfers from the plan ($45,315,101)
- value of interest in registered investment companies (e.g., mutual funds) ($43.90M)
- total income ($31,195,333)
- net income ($23,320,976)
- earnings on investments ($18,158,030)
- net earnings on investments ($18,108,030)
- total contributions ($12,440,888)
- value of interest in pooled separate accounts ($9,056,922)
- cash contributions from participants ($8,352,998)
- total expenses ($7,874,357)
- cash contributions from employers ($3,492,012)
- participant loans ($467,436)
- receivables - participant contributions ($275,704)
- average account balance ($129,313)
- receivables - employer contributions ($128,662)
- total administrative expenses ($56,130)
- investment advisory and management fees ($50,000)
- net income per total participant ($29,708)
- average employer+participant cash contribution per active participant ($22,099)
- average participant cash contribution per active participant ($15,584)
- average employer cash contribution per active participant ($6,515)
- recordkeeping fees ($5,830)
- other administrative expenses ($300)
- total administrative expense per participant ($71.50)
- total noninterest-bearing cash ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- plan salaries and allowances ($0)
- contract administrator fees ($0)
- IQPA audit fees ($0)
- bank or trust company trustee/custodial fees ($0)
- actuarial fees ($0)
- legal fees ($0)
- valuation/appraisal fees ($0)
- other trustee fees and expenses ($0)
- asset transfers to the plan ($0)
- amount of loss caused by fraud or dishonesty ($0)
- percentage of active participants (68.3%)
- diversity of asset types (30.9%)
- participant loans as a percentage of plan assets (0.46%)
- total administrative expense ratio (0.055%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-17.8%)
- active participants (536)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (784)
- other retired or separated participants entitled to future benefits (248)
- retired or separated participants receiving benefits (0)
- total participants (785)