GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN
Plan Contact
- Address: 2600 LANIER DRIVE,MADISON,IN
- Contact person: BRIAN BLANTON
- Phone: (812) 273-2121
Plan General Information
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is $4,859,370.00.This plan was established in 2011.
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is 249
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is $19,515.00
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is $1,404.00.
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is approximately $638.00
Investing in this additonal $638.00 for 20 years would give you extra $40,891.00, assuming a 10% annual return.
Investing in this additonal $638.00 for 20 years would give you extra $40,891.00, assuming a 10% annual return.
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN allocates $159,093.00 to match its employees' contributions, providing an employer match rate of 51.13% of their contributions
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is 14.41%.
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is 12.21%. This measures the effectiveness of the plan participants' investments in the year.
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) SAVINGS PLAN is 0.41%.
Enrollment Features
GROTE INDUSTRIES FACTORY EMPLOYEES' 401(K) 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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