FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 10155 READING ROAD,CINCINNATI,OH
- Contact person: KARYN CROWLEY
- Phone: (513) 786-3400
Plan General Information
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is $82,791,336.00.This plan was established in 1985.
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is 723
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is $114,510.00
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is $4,353.00.
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is approximately $2,020.00
Investing in this additonal $2,020.00 for 20 years would give you extra $129,312.00, assuming a 10% annual return.
Investing in this additonal $2,020.00 for 20 years would give you extra $129,312.00, assuming a 10% annual return.
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN allocates $1,460,826.00 to match its employees' contributions, providing an employer match rate of 46.54% of their contributions
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is 23.80%.
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is 25.46%. This measures the effectiveness of the plan participants' investments in the year.
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FORMICA CORPORATION 401(K) RETIREMENT SAVINGS PLAN is 0.12%.
Enrollment Features
FORMICA CORPORATION 401(K) RETIREMENT SAVINGS 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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