MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 2564 HIGHWAY 321 SOUTH PO BOX 130,NEWTON,NC
- Contact person: RICKIE COFFEY
- Phone: (828) 468-2010
Plan General Information
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is $39,927,265.00.This plan was established in 1988.
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is 949
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is $42,072.00
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is $2,518.00.
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is approximately $571.00
Investing in this additonal $571.00 for 20 years would give you extra $36,549.00, assuming a 10% annual return.
Investing in this additonal $571.00 for 20 years would give you extra $36,549.00, assuming a 10% annual return.
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN allocates $541,958.00 to match its employees' contributions, providing an employer match rate of 23.68% of their contributions
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is 15.21%.
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is 15.58%. This measures the effectiveness of the plan participants' investments in the year.
MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MCCREARY MODERN, INC. EMPLOYEES' 401(K) PLAN is 0.47%.
Enrollment Features
MCCREARY MODERN, INC. EMPLOYEES' 401(K) 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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