INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1000 SPIRAL BLVD,HASTINGS,MN
- Contact person: TRISHA PETTERSEN
- Phone: (651) 437-7700
Plan General Information
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is $15,626,161.00.This plan was established in 1983.
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is 184
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is $84,924.00
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is $6,304.00.
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is approximately $1,906.00
Investing in this additonal $1,906.00 for 20 years would give you extra $122,013.00, assuming a 10% annual return.
Investing in this additonal $1,906.00 for 20 years would give you extra $122,013.00, assuming a 10% annual return.
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN allocates $350,789.00 to match its employees' contributions, providing an employer match rate of 60.48% of their contributions
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is 13.10%.
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is 19.39%. This measures the effectiveness of the plan participants' investments in the year.
INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of INTEK PLASTICS INC. UNION RETIREMENT SAVINGS PLAN is 0.02%.
Enrollment Features
INTEK PLASTICS INC. UNION RETIREMENT 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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