HI-MAC THRIFT PLAN

Plan Contact

  • Address: 1501 EAST DOUGLAS,WICHITA,KS
  • Contact person: JACOB W. SHAFFER
  • Phone: (316) 206-1220

Plan General Information

HI-MAC THRIFT PLAN Total Retirement Plan Assets

At the end of 2015, the total retirement plan assets of HI-MAC THRIFT PLAN is $10,915,387.00.This plan was established in 1985.

HI-MAC THRIFT PLAN Total Number of Retirement Plan Participants

At the end of 2015, the total number of retirement plan participants in HI-MAC THRIFT PLAN is 118

HI-MAC THRIFT PLAN Average Participant Retirement Account Value

In 2015, the average participant retirement account value for HI-MAC THRIFT PLAN is $92,503.00

HI-MAC THRIFT PLAN Estimated Average Employee Contribution Amount

In 2015, the estimated average employee contribution amount per participant for HI-MAC THRIFT PLAN is $2,348.00.

HI-MAC THRIFT PLAN Estimated Average Employer Match

In 2015, the estimated average employer match for an employee in HI-MAC THRIFT PLAN is approximately $414.00
Investing in this additonal $414.00 for 20 years would give you extra $26,550.00, assuming a 10% annual return.

HI-MAC THRIFT PLAN Total Employer Contribution and Match Rate

In 2015, HI-MAC THRIFT PLAN allocates $48,952.00 to match its employees' contributions, providing an employer match rate of 35.33% of their contributions

HI-MAC THRIFT PLAN Total Retirement Plan Asset Growth Rate

In 2015, the total retirement plan asset growth rate of HI-MAC THRIFT PLAN is -12.37%.

HI-MAC THRIFT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2015, the estimated aggregate retirement account investment gain/loss for HI-MAC THRIFT PLAN is -5.42%. This measures the effectiveness of the plan participants' investments in the year.

HI-MAC THRIFT PLAN Expense Ratio

In 2015, the investment and administrative expense ratio of HI-MAC THRIFT PLAN is 0.02%.

Enrollment Features

HI-MAC THRIFT 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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