MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN
Plan Contact
- Address: 21050 NORTH PIMA ROAD SUITE 100,SCOTTDALE,AZ
- Contact person: TARA LAWRENCE
- Phone: (602) 544-5912
Plan General Information
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is $40,653,495.00.This plan was established in 1985.
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is 392
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is $103,707.00
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is $3,259.00.
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is approximately $3,295.00
Investing in this additonal $3,295.00 for 20 years would give you extra $210,934.00, assuming a 10% annual return.
Investing in this additonal $3,295.00 for 20 years would give you extra $210,934.00, assuming a 10% annual return.
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN allocates $1,291,976.00 to match its employees' contributions, providing an employer match rate of 99.73% of their contributions
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is 21.08%.
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is 19.49%. This measures the effectiveness of the plan participants' investments in the year.
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING PLAN is 0.13%.
Enrollment Features
MCDONOUGH CORPORATION SAVINGS AND PROFIT SHARING 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.
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