GMG EMPLOYEES SAVINGS PLAN
Plan Contact
- Address: 999 SOUTH WASHINGTON AVENUE,,SAGINAW,MI
- Contact person: PAT HENGESBACH
- Phone: (989) 790-9090
Plan General Information
GMG EMPLOYEES SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GMG EMPLOYEES SAVINGS PLAN is $107,029,834.00.This plan was established in 1985.
GMG EMPLOYEES SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GMG EMPLOYEES SAVINGS PLAN is 2622
GMG EMPLOYEES SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GMG EMPLOYEES SAVINGS PLAN is $40,819.00
GMG EMPLOYEES SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GMG EMPLOYEES SAVINGS PLAN is $4,297.00.
GMG EMPLOYEES SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GMG EMPLOYEES SAVINGS PLAN is approximately $1,400.00
Investing in this additonal $1,400.00 for 20 years would give you extra $89,617.00, assuming a 10% annual return.
Investing in this additonal $1,400.00 for 20 years would give you extra $89,617.00, assuming a 10% annual return.
GMG EMPLOYEES SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, GMG EMPLOYEES SAVINGS PLAN allocates $3,671,498.00 to match its employees' contributions, providing an employer match rate of 37.20% of their contributions
GMG EMPLOYEES SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GMG EMPLOYEES SAVINGS PLAN is 22.13%.
GMG EMPLOYEES SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GMG EMPLOYEES SAVINGS PLAN is 14.03%. This measures the effectiveness of the plan participants' investments in the year.
GMG EMPLOYEES SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GMG EMPLOYEES SAVINGS PLAN is 0.27%.
Enrollment Features
GMG EMPLOYEES 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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