MINGES BOTTLING GROUP, INC. 401(K) PLAN
- Address: P.O. BOX 520,AYDEN,NC
- Contact person: DEBBIE STEPHENS
- Phone: (888) 758-2113
MINGES BOTTLING GROUP, INC. 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
At the end of 2022, the total retirement plan assets of MINGES BOTTLING GROUP, INC. 401(K) PLAN is $13,605,896.00.This plan was established in 1989.
At the end of 2022, the total number of retirement plan participants in MINGES BOTTLING GROUP, INC. 401(K) PLAN is 228
In 2022, the average participant retirement account value for MINGES BOTTLING GROUP, INC. 401(K) PLAN is $59,674.00
In 2022, the estimated average employee contribution amount per participant for MINGES BOTTLING GROUP, INC. 401(K) PLAN is $1,891.00
In 2022, the estimated average employer match for an employee in MINGES BOTTLING GROUP, INC. 401(K) PLAN is approximately $1,496.00
In 2022, MINGES BOTTLING GROUP, INC. 401(K) PLAN allocates $341,145.00 to match its employees' contributions, providing an employer match rate of 80.34% of their contributions
In 2022, the total retirement plan asset growth rate of MINGES BOTTLING GROUP, INC. 401(K) PLAN is -21.05%
In 2022, the estimated aggregate retirement account investment gain/loss for MINGES BOTTLING GROUP, INC. 401(K) PLAN is -19.98%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of MINGES BOTTLING GROUP, INC. 401(K) PLAN is 0.55%.
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