MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN
Plan Contact
- Address: 2730 MINE AND MILL ROAD,LAKELAND,FL
- Phone: (863) 665-6233
Plan General Information
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is $11,565,931.00.This plan was established in 2000.
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is 892
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is $12,966.00
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is $2,973.00.
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is approximately $763.00
Investing in this additonal $763.00 for 20 years would give you extra $48,848.00, assuming a 10% annual return.
Investing in this additonal $763.00 for 20 years would give you extra $48,848.00, assuming a 10% annual return.
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN allocates $680,827.00 to match its employees' contributions, providing an employer match rate of 34.63% of their contributions
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is 67.63%.
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is 37.47%. This measures the effectiveness of the plan participants' investments in the year.
MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MID-STATE MACHINE AND FABRICATING CORP. 401(K) PLAN is 0.79%.
Enrollment Features
MID-STATE MACHINE AND FABRICATING CORP. 401(K) 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.
Recent Articles
- The Hidden Benefit of Emergency Savings Accounts: It’s a ‘Regular’ Savings Account with Free Employer Match
- February 2025 MyPlanIQ Portfolio Update
- Maximizing Your Savings & Investments: The Power of 1% Over Time
- Key Retirement Ages: Essential Milestones for 401(k), IRA, Solo 401(k), SEP IRA, Social Security & Medicare
- Dividend Income Investments: Benefits and Pitfalls
- Rule of Thumb: The 50/30/20 Budget Rule
- Option-Based Income Funds: Pros and Cons
- 9 Lessons From Retirees’ Biggest Retirement Regrets
- Top 15 ETFs for Self-Directed Brokerage Accounts or Brokerage Window in 401(k) Plans
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …