ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN
Plan Contact
- Address: PO BOX 2569,GRAPVINE,TX
- Contact person: BONNIE GARBIN
- Phone: (682) 292-5070
Plan General Information
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is $11,392,443.00.This plan was established in 2023.
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is 156
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is $73,028.00
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is $7,822.00.
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is approximately $1,582.00
Investing in this additonal $1,582.00 for 20 years would give you extra $101,276.00, assuming a 10% annual return.
Investing in this additonal $1,582.00 for 20 years would give you extra $101,276.00, assuming a 10% annual return.
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Total Employer Contribution and Match Rate
In 2023, ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN allocates $246,862.00 to match its employees' contributions, providing an employer match rate of 40.46% of their contributions
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING PLAN is 0.12%.
Enrollment Features
ERIKS SEALS AND PLASTICS, INC. RETIREMENT SAVING 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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