MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM

  • Address: 18513 EUCLID AVENUE,CLEVELAND,OH
  • Contact person: KURT BALLWEG
  • Phone: (216) 486-8404

MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM 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.

At the end of 2022, the total retirement plan assets of MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is $5,547,881.00.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is 195

In 2022, the average participant retirement account value for MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is $28,450.00

In 2022, the estimated average employee contribution amount per participant for MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is $1,850.00

In 2022, the estimated average employer match for an employee in MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is approximately $756.00

In 2022, MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM allocates $147,426.00 to match its employees' contributions, providing an employer match rate of 42.04% of their contributions

In 2022, the total retirement plan asset growth rate of MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is -21.92%

In 2022, the estimated aggregate retirement account investment gain/loss for MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is -17.99%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM is 0.46%.

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