MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN
Plan Contact
- Address: 725 COOL SPRINGS BLVD,,FRANKLIN,TN
- Contact person: DONNA SMITH
- Phone: (615) 385-3055
Plan General Information
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is $39,757,718.00.This plan was established in 1985.
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is 274
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is $145,101.00
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is $4,944.00.
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is approximately $2,901.00
Investing in this additonal $2,901.00 for 20 years would give you extra $185,724.00, assuming a 10% annual return.
Investing in this additonal $2,901.00 for 20 years would give you extra $185,724.00, assuming a 10% annual return.
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN allocates $795,135.00 to match its employees' contributions, providing an employer match rate of 63.07% of their contributions
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is 31.07%.
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is 25.86%. This measures the effectiveness of the plan participants' investments in the year.
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN is 0.05%.
Enrollment Features
MAGOTTEAUX, INC. ASSET ACCUMULATION 401(K) RETIREMENT 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.
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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