MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 1900 HAYES AVENUE,CAMDEN,NJ
- Contact person: WILLIAM PENNINGTON
- Phone: (856) 964-7842
Plan General Information
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is $5,712,693.00.This plan was established in 1988.
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is 115
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2017, the average participant retirement account value for MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is $49,675.00
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is $3,108.00.
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is approximately $1,883.00
Investing in this additonal $1,883.00 for 20 years would give you extra $120,554.00, assuming a 10% annual return.
Investing in this additonal $1,883.00 for 20 years would give you extra $120,554.00, assuming a 10% annual return.
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2017, MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN allocates $216,621.00 to match its employees' contributions, providing an employer match rate of 121.21% of their contributions
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is -4.20%.
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is 11.23%. This measures the effectiveness of the plan participants' investments in the year.
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN Expense Ratio
In 2017, the investment and administrative expense ratio of MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN is 0.96%.
Enrollment Features
MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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