MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN
Plan Contact
- Address: N49 W13650 CAMPBELL DRIVE,MENOMONEE FALLS,WI
- Contact person: STEPHEN LAMB
- Phone: (262) 252-6950
Plan General Information
MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN is 653
MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN is $3,593.00.
MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN is approximately $1,031.00
Investing in this additonal $1,031.00 for 20 years would give you extra $65,996.00, assuming a 10% annual return.
Investing in this additonal $1,031.00 for 20 years would give you extra $65,996.00, assuming a 10% annual return.
MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2020, MAGNETEK FLEXCARE PLUS RETIREMENT SAVINGS PLAN allocates $673,366.00 to match its employees' contributions, providing an employer match rate of 57.39% of their contributions
Enrollment Features
MAGNETEK FLEXCARE PLUS 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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