MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: P.O. BOX 5650,,BISMARCK,ND
- Contact person: JASON VOLLMER
- Phone: (701) 530-1000
Plan General Information
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is $829,880,488.00.This plan was established in 1984.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is 11281
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is $73,564.00
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is $3,867.00.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is approximately $2,486.00
Investing in this additonal $2,486.00 for 20 years would give you extra $159,158.00, assuming a 10% annual return.
Investing in this additonal $2,486.00 for 20 years would give you extra $159,158.00, assuming a 10% annual return.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN allocates $28,054,179.00 to match its employees' contributions, providing an employer match rate of 65.25% of their contributions
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is -37.19%.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is -36.10%. This measures the effectiveness of the plan participants' investments in the year.
MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MDU RESOURCES GROUP, INC. 401(K) RETIREMENT PLAN is 0.05%.
Enrollment Features
MDU RESOURCES GROUP, INC. 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.
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