CARGOTEC HOLDING, INC. 401(K) PLAN
Plan Contact
- Address: 415 E DUNDEE ST,OTTAWA,KS
- Contact person: GINNETTE CLARK
- Phone: (785) 229-7122
Plan General Information
CARGOTEC HOLDING, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CARGOTEC HOLDING, INC. 401(K) PLAN is $123,511,771.00.This plan was established in 1994.
CARGOTEC HOLDING, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CARGOTEC HOLDING, INC. 401(K) PLAN is 1346
CARGOTEC HOLDING, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CARGOTEC HOLDING, INC. 401(K) PLAN is $91,762.00
CARGOTEC HOLDING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CARGOTEC HOLDING, INC. 401(K) PLAN is $4,795.00.
CARGOTEC HOLDING, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CARGOTEC HOLDING, INC. 401(K) PLAN is approximately $3,181.00
Investing in this additonal $3,181.00 for 20 years would give you extra $203,610.00, assuming a 10% annual return.
Investing in this additonal $3,181.00 for 20 years would give you extra $203,610.00, assuming a 10% annual return.
CARGOTEC HOLDING, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, CARGOTEC HOLDING, INC. 401(K) PLAN allocates $4,282,173.00 to match its employees' contributions, providing an employer match rate of 64.75% of their contributions
CARGOTEC HOLDING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CARGOTEC HOLDING, INC. 401(K) PLAN is 19.77%.
CARGOTEC HOLDING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CARGOTEC HOLDING, INC. 401(K) PLAN is 18.52%. This measures the effectiveness of the plan participants' investments in the year.
CARGOTEC HOLDING, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CARGOTEC HOLDING, INC. 401(K) PLAN is 0.15%.
Enrollment Features
CARGOTEC HOLDING, INC. 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.
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