MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 10050 CROSSTOWN CIR,,EDEN PRAIRIE,MN
- Contact person: BEN OERTEL
- Phone: (952) 826-6331
Plan General Information
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is $24,979,845.00.This plan was established in 1987.
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is 326
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is $76,625.00
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is $6,142.00.
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is approximately $4,202.00
Investing in this additonal $4,202.00 for 20 years would give you extra $268,933.00, assuming a 10% annual return.
Investing in this additonal $4,202.00 for 20 years would give you extra $268,933.00, assuming a 10% annual return.
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN allocates $1,369,878.00 to match its employees' contributions, providing an employer match rate of 71.14% of their contributions
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is 25.97%.
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is 15.75%. This measures the effectiveness of the plan participants' investments in the year.
MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MILLER MILLING COMPANY EMPLOYEE SAVINGS & RETIREMENT PLAN is 0.03%.
Enrollment Features
MILLER MILLING COMPANY EMPLOYEE SAVINGS & 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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