MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN
Plan Contact
- Address: 1500 DEKOVEN AVENUE,RACINE,WI
- Contact person: PATRICIA MONTEMURRO
- Phone: (262) 636-1200
Plan General Information
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is $358,676,360.00.This plan was established in 1999.
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is 4437
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is $80,837.00
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is $3,371.00.
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is approximately $1,772.00
Investing in this additonal $1,772.00 for 20 years would give you extra $113,470.00, assuming a 10% annual return.
Investing in this additonal $1,772.00 for 20 years would give you extra $113,470.00, assuming a 10% annual return.
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN allocates $7,866,676.00 to match its employees' contributions, providing an employer match rate of 55.78% of their contributions
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is 18.81%.
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is 23.15%. This measures the effectiveness of the plan participants' investments in the year.
MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MODINE MANUFACTURING COMPANY 401(K) RETIREMENT PLAN is 0.12%.
Enrollment Features
MODINE MANUFACTURING COMPANY 401(K) 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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