ADAC PLASTICS, INC. RETIREMENT PLAN
Plan Contact
- Address: 5690 EAGLE DR SE,GRAND RAPIDS,MI
- Contact person: WILLIAM POWERS
- Phone: (616) 957-0311
Plan General Information
ADAC PLASTICS, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ADAC PLASTICS, INC. RETIREMENT PLAN is $59,638,183.00.This plan was established in 1982.
ADAC PLASTICS, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ADAC PLASTICS, INC. RETIREMENT PLAN is 1061
ADAC PLASTICS, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ADAC PLASTICS, INC. RETIREMENT PLAN is $56,209.00
ADAC PLASTICS, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ADAC PLASTICS, INC. RETIREMENT PLAN is $4,129.00.
ADAC PLASTICS, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ADAC PLASTICS, INC. RETIREMENT PLAN is approximately $879.00
Investing in this additonal $879.00 for 20 years would give you extra $56,277.00, assuming a 10% annual return.
Investing in this additonal $879.00 for 20 years would give you extra $56,277.00, assuming a 10% annual return.
ADAC PLASTICS, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, ADAC PLASTICS, INC. RETIREMENT PLAN allocates $932,970.00 to match its employees' contributions, providing an employer match rate of 21.49% of their contributions
ADAC PLASTICS, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ADAC PLASTICS, INC. RETIREMENT PLAN is 6.75%.
ADAC PLASTICS, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ADAC PLASTICS, INC. RETIREMENT PLAN is 16.01%. This measures the effectiveness of the plan participants' investments in the year.
ADAC PLASTICS, INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ADAC PLASTICS, INC. RETIREMENT PLAN is 0.30%.
Enrollment Features
ADAC PLASTICS, INC. RETIREMENT 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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