HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES
Plan Contact
- Address: PO BOX 943 MSIN H3 08,,RICHLAND,WA
- Contact person: KELLY M CUSTER
- Phone: (509) 372-3323
Plan General Information
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is $669,572,560.00.This plan was established in 1987.
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is 4338
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is $154,350.00
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is $5,489.00.
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is approximately $4,063.00
Investing in this additonal $4,063.00 for 20 years would give you extra $260,076.00, assuming a 10% annual return.
Investing in this additonal $4,063.00 for 20 years would give you extra $260,076.00, assuming a 10% annual return.
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Total Employer Contribution and Match Rate
In 2023, HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES allocates $17,628,325.00 to match its employees' contributions, providing an employer match rate of 76.53% of their contributions
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is 13.88%.
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is 16.82%. This measures the effectiveness of the plan participants' investments in the year.
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES is 0.09%.
Enrollment Features
HANFORD CONTRACTORS MULTI-EMPLOYER SAVINGS PLAN FOR HAMTC REPRESENTED EMPLOYEES has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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