MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST
Plan Contact
- Address: P.O. BOX 80505,,SEATTLE,WA
- Contact person: MICHAEL VANDERFORD
- Phone: (206) 658-6225
Plan General Information
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is $21,545,813.00.This plan was established in 1989.
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is 196
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is $109,927.00
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is $4,149.00.
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is approximately $1,686.00
Investing in this additonal $1,686.00 for 20 years would give you extra $107,952.00, assuming a 10% annual return.
Investing in this additonal $1,686.00 for 20 years would give you extra $107,952.00, assuming a 10% annual return.
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST allocates $330,606.00 to match its employees' contributions, providing an employer match rate of 38.40% of their contributions
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is 8.29%.
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is 13.54%. This measures the effectiveness of the plan participants' investments in the year.
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST is 0.35%.
Enrollment Features
MACHINISTS, INC. 401(K) SAVINGS PLAN & TRUST 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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