MINOVA USA INC. 401(K) PLAN
Plan Contact
- Address: 150 SUMMER COURT,GEORGETOWN,KY
- Contact person: PAULETTE KELLY
- Phone: (502) 868-6209
Plan General Information
MINOVA USA INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MINOVA USA INC. 401(K) PLAN is $16,959,777.00.This plan was established in 1998.
MINOVA USA INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MINOVA USA INC. 401(K) PLAN is 248
MINOVA USA INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MINOVA USA INC. 401(K) PLAN is $68,386.00
MINOVA USA INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MINOVA USA INC. 401(K) PLAN is $11,506.00.
MINOVA USA INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MINOVA USA INC. 401(K) PLAN is approximately $2,883.00
Investing in this additonal $2,883.00 for 20 years would give you extra $184,534.00, assuming a 10% annual return.
Investing in this additonal $2,883.00 for 20 years would give you extra $184,534.00, assuming a 10% annual return.
MINOVA USA INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MINOVA USA INC. 401(K) PLAN allocates $715,070.00 to match its employees' contributions, providing an employer match rate of 50.12% of their contributions
MINOVA USA INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MINOVA USA INC. 401(K) PLAN is 20.05%.
MINOVA USA INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MINOVA USA INC. 401(K) PLAN is 16.23%. This measures the effectiveness of the plan participants' investments in the year.
MINOVA USA INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MINOVA USA INC. 401(K) PLAN is 0.35%.
Enrollment Features
MINOVA USA 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.
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