MGS, INC. 401(K) PLAN

  • Address: 178 MUDDY CREEK CHURCH ROAD,DENVER,PA
  • Contact person: ANDREW S. GEHMAN
  • Phone: (717) 336-7528

MGS, INC. 401(K) 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.

At the end of 2022, the total retirement plan assets of MGS, INC. 401(K) PLAN is $5,334,066.00.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in MGS, INC. 401(K) PLAN is 187

In 2022, the average participant retirement account value for MGS, INC. 401(K) PLAN is $28,524.00

In 2022, the estimated average employee contribution amount per participant for MGS, INC. 401(K) PLAN is $1,781.00

In 2022, the estimated average employer match for an employee in MGS, INC. 401(K) PLAN is approximately $1,881.00

In 2022, MGS, INC. 401(K) PLAN allocates $351,822.00 to match its employees' contributions, providing an employer match rate of 107.04% of their contributions

In 2022, the total retirement plan asset growth rate of MGS, INC. 401(K) PLAN is -7.31%

In 2022, the estimated aggregate retirement account investment gain/loss for MGS, INC. 401(K) PLAN is -15.99%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of MGS, INC. 401(K) PLAN is 0.11%.

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