MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES
Plan Contact
- Address: P.O. BOX 1231,,MADISON,WI
- Contact person: MATTHEW J. STOHR
- Phone: (608) 252-7101
Plan General Information
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is $80,954,879.00.This plan was established in 1993.
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is 212
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is $381,862.00
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is $6,020.00.
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is approximately $919.00
Investing in this additonal $919.00 for 20 years would give you extra $58,826.00, assuming a 10% annual return.
Investing in this additonal $919.00 for 20 years would give you extra $58,826.00, assuming a 10% annual return.
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Total Employer Contribution and Match Rate
In 2023, MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES allocates $194,864.00 to match its employees' contributions, providing an employer match rate of 14.51% of their contributions
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is 7.16%.
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is 15.61%. This measures the effectiveness of the plan participants' investments in the year.
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING EMPLOYEES is 0.00%.
Enrollment Features
MADISON GAS AND ELECTRIC COMPANY 401(K) RETIREMENT ACCUMULATION PLAN FOR BARGAINING 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.
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