GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP

Plan Contact

  • Address: 10601 WESTLAKE DRIVE,CHARLOTTE,NC
  • Contact person: CATHERINE SAWCHUK
  • Phone: (518) 798-9511

Plan General Information

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Total Retirement Plan Assets

At the end of 2017, the total retirement plan assets of GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is $30,327,005.00.This plan was established in 1980.

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Total Number of Retirement Plan Participants

At the end of 2017, the total number of retirement plan participants in GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is 1227

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Average Participant Retirement Account Value

In 2017, the average participant retirement account value for GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is $24,716.00

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Estimated Average Employee Contribution Amount

In 2017, the estimated average employee contribution amount per participant for GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is $3,656.00.

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Estimated Average Employer Match

In 2017, the estimated average employer match for an employee in GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is approximately $1,192.00
Investing in this additonal $1,192.00 for 20 years would give you extra $76,316.00, assuming a 10% annual return.

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Total Employer Contribution and Match Rate

In 2017, GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP allocates $1,463,128.00 to match its employees' contributions, providing an employer match rate of 65.23% of their contributions

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Total Retirement Plan Asset Growth Rate

In 2017, the total retirement plan asset growth rate of GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is 13.93%.

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Estimated Aggregate Retirement Account Investment Gain/Loss

In 2017, the estimated aggregate retirement account investment gain/loss for GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is 11.31%. This measures the effectiveness of the plan participants' investments in the year.

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP Expense Ratio

In 2017, the investment and administrative expense ratio of GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP is 0.14%.

Enrollment Features

GENPAK RETIREMENT INCOME PLAN (FOR HOURLY-PAID EMP 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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