EMPLOYEES' SAVINGS PLAN OF MADICO, INC.
Plan Contact
- Address: 9251 BELCHER ROAD N,PINELLAS PARK,FL
- Contact person: JOHN STORMS
- Phone: (727) 231-4786
Plan General Information
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is $24,338,254.00.This plan was established in 1984.
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is 360
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is $67,606.00
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is $4,150.00.
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is approximately $1,573.00
Investing in this additonal $1,573.00 for 20 years would give you extra $100,689.00, assuming a 10% annual return.
Investing in this additonal $1,573.00 for 20 years would give you extra $100,689.00, assuming a 10% annual return.
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Total Employer Contribution and Match Rate
In 2023, EMPLOYEES' SAVINGS PLAN OF MADICO, INC. allocates $566,381.00 to match its employees' contributions, providing an employer match rate of 40.62% of their contributions
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is 19.81%.
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is 16.58%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEES' SAVINGS PLAN OF MADICO, INC. is 0.04%.
Enrollment Features
EMPLOYEES' SAVINGS PLAN OF MADICO, INC. 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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