MMM INC. 401(K) PLAN
Plan Contact
- Address: 87 N. FANNIN STREET,AMARILLO,TX
- Contact person: LACY HALL
- Phone: (806) 376-9797
Plan General Information
MMM INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of MMM INC. 401(K) PLAN is $1,862,073.00.This plan was established in 1997.
MMM INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in MMM INC. 401(K) PLAN is 99
MMM INC. 401(K) PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for MMM INC. 401(K) PLAN is $18,808.00
MMM INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for MMM INC. 401(K) PLAN is $3,087.00.
MMM INC. 401(K) PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in MMM INC. 401(K) PLAN is approximately $873.00
Investing in this additonal $873.00 for 20 years would give you extra $55,875.00, assuming a 10% annual return.
Investing in this additonal $873.00 for 20 years would give you extra $55,875.00, assuming a 10% annual return.
MMM INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2019, MMM INC. 401(K) PLAN allocates $86,432.00 to match its employees' contributions, providing an employer match rate of 56.56% of their contributions
MMM INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of MMM INC. 401(K) PLAN is 29.60%.
MMM INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for MMM INC. 401(K) PLAN is 21.41%. This measures the effectiveness of the plan participants' investments in the year.
MMM INC. 401(K) PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of MMM INC. 401(K) PLAN is 1.01%.
Enrollment Features
MMM 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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