MCS GROUP RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 175 CROSSWAYS PARK DRIVE WEST,WOODBURY,NY
- Contact person: LORI BARNETT
- Phone: (516) 496-1815
Plan General Information
MCS GROUP RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MCS GROUP RETIREMENT SAVINGS PLAN is $22,307,184.00.This plan was established in 1955.
MCS GROUP RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MCS GROUP RETIREMENT SAVINGS PLAN is 139
MCS GROUP RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MCS GROUP RETIREMENT SAVINGS PLAN is $160,483.00
MCS GROUP RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MCS GROUP RETIREMENT SAVINGS PLAN is $5,911.00.
MCS GROUP RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MCS GROUP RETIREMENT SAVINGS PLAN is approximately $2,276.00
Investing in this additonal $2,276.00 for 20 years would give you extra $145,727.00, assuming a 10% annual return.
Investing in this additonal $2,276.00 for 20 years would give you extra $145,727.00, assuming a 10% annual return.
MCS GROUP RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, MCS GROUP RETIREMENT SAVINGS PLAN allocates $316,502.00 to match its employees' contributions, providing an employer match rate of 38.24% of their contributions
MCS GROUP RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MCS GROUP RETIREMENT SAVINGS PLAN is 21.31%.
MCS GROUP RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MCS GROUP RETIREMENT SAVINGS PLAN is 16.02%. This measures the effectiveness of the plan participants' investments in the year.
MCS GROUP RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MCS GROUP RETIREMENT SAVINGS PLAN is 0.08%.
Enrollment Features
MCS GROUP 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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