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APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

Plan Contact

  • Address: 27610 HUNTINGTON ROAD,,APPLE GROVE,WV
  • Contact person: DIANE MITCHELL
  • Phone: (304) 576-4529

Plan General Information

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $5,787,552.00.This plan was established in 2018.

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 132

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Average Participant Retirement Account Value

In 2023, the average participant retirement account value for APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $43,845.00

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is $4,816.00.

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is approximately $1,764.00
Investing in this additonal $1,764.00 for 20 years would give you extra $112,949.00, assuming a 10% annual return.

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Employer Contribution and Match Rate

In 2023, APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES allocates $232,959.00 to match its employees' contributions, providing an employer match rate of 40.14% of their contributions

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 23.68%.

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 11.95%. This measures the effectiveness of the plan participants' investments in the year.

APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES Expense Ratio

In 2023, the investment and administrative expense ratio of APG POLYTECH SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES is 0.09%.

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