CITY VIEW ELECTRIC, INC. 401(K) PLAN
Plan Contact
- Address: 14309 LAKE DRIVE NE,COLUMBUS,MN
- Contact person: MICHAEL NELSON
- Phone: (651) 659-9496
Plan General Information
CITY VIEW ELECTRIC, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CITY VIEW ELECTRIC, INC. 401(K) PLAN is $19,974,575.00.This plan was established in 1994.
CITY VIEW ELECTRIC, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CITY VIEW ELECTRIC, INC. 401(K) PLAN is 152
CITY VIEW ELECTRIC, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CITY VIEW ELECTRIC, INC. 401(K) PLAN is $131,411.00
CITY VIEW ELECTRIC, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CITY VIEW ELECTRIC, INC. 401(K) PLAN is $8,538.00.
CITY VIEW ELECTRIC, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CITY VIEW ELECTRIC, INC. 401(K) PLAN is approximately $1,970.00
Investing in this additonal $1,970.00 for 20 years would give you extra $126,102.00, assuming a 10% annual return.
Investing in this additonal $1,970.00 for 20 years would give you extra $126,102.00, assuming a 10% annual return.
CITY VIEW ELECTRIC, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, CITY VIEW ELECTRIC, INC. 401(K) PLAN allocates $299,494.00 to match its employees' contributions, providing an employer match rate of 24.11% of their contributions
CITY VIEW ELECTRIC, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CITY VIEW ELECTRIC, INC. 401(K) PLAN is 25.39%.
CITY VIEW ELECTRIC, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CITY VIEW ELECTRIC, INC. 401(K) PLAN is 16.64%. This measures the effectiveness of the plan participants' investments in the year.
CITY VIEW ELECTRIC, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CITY VIEW ELECTRIC, INC. 401(K) PLAN is 0.04%.
Enrollment Features
CITY VIEW ELECTRIC, 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.
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