MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 834 KING HIGHWAY, SUITE 100,KALAMAZOO,MI
- Contact person: THOMAS PENLAND
- Phone: (269) 381-0350
Plan General Information
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is $6,501,443.00.This plan was established in 2002.
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is 279
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is $23,302.00
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is $905.00.
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is approximately $633.00
Investing in this additonal $633.00 for 20 years would give you extra $40,512.00, assuming a 10% annual return.
Investing in this additonal $633.00 for 20 years would give you extra $40,512.00, assuming a 10% annual return.
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN allocates $176,608.00 to match its employees' contributions, providing an employer match rate of 59.30% of their contributions
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is 17.18%.
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is 14.92%. This measures the effectiveness of the plan participants' investments in the year.
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT PLAN is 0.06%.
Enrollment Features
MEDALLION MANAGEMENT, INC. SAVINGS & RETIREMENT 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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