MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN
Plan Contact
- Address: 1101 SECOND AVE, STE 100 SUITE 100,SEATTLE,WA
- Contact person: WENDY UNZELMAN
- Phone: (206) 962-6500
Plan General Information
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is $43,424,843.00.This plan was established in 1977.
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is 561
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is $77,406.00
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is $6,125.00.
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is approximately $1,506.00
Investing in this additonal $1,506.00 for 20 years would give you extra $96,431.00, assuming a 10% annual return.
Investing in this additonal $1,506.00 for 20 years would give you extra $96,431.00, assuming a 10% annual return.
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN allocates $845,278.00 to match its employees' contributions, providing an employer match rate of 27.68% of their contributions
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is 23.20%.
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is 18.41%. This measures the effectiveness of the plan participants' investments in the year.
MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MG2 CORPORATION PROFIT SHARING RETIREMENT PLAN is 0.28%.
Enrollment Features
MG2 CORPORATION PROFIT SHARING 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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