MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST
Plan Contact
- Address: 50 MINUTEMAN ROAD,ANDOVER,MA
- Contact person: RONALD MANDLER
- Phone: (978) 256-1300
Plan General Information
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is $440,477,387.00.This plan was established in 1987.
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is 3242
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is $135,865.00
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is $9,945.00.
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is approximately $5,958.00
Investing in this additonal $5,958.00 for 20 years would give you extra $381,323.00, assuming a 10% annual return.
Investing in this additonal $5,958.00 for 20 years would give you extra $381,323.00, assuming a 10% annual return.
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Total Employer Contribution and Match Rate
In 2023, MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST allocates $19,316,439.00 to match its employees' contributions, providing an employer match rate of 68.76% of their contributions
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is 19.15%.
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is 16.00%. This measures the effectiveness of the plan participants' investments in the year.
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST is 0.02%.
Enrollment Features
MERCURY EMPLOYEES RETIREMENT INVESTMENT TRUST 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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