MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN
Plan Contact
- Address: 370 ESPINOSA ROAD,SALINAS,CA
- Contact person: FELICIA KNIGHTON
- Phone: (831) 269-7465
Plan General Information
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is $6,714,552.00.This plan was established in 1999.
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is 239
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is $28,094.00
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is $1,961.00.
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is approximately $170.00
Investing in this additonal $170.00 for 20 years would give you extra $10,941.00, assuming a 10% annual return.
Investing in this additonal $170.00 for 20 years would give you extra $10,941.00, assuming a 10% annual return.
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN allocates $40,859.00 to match its employees' contributions, providing an employer match rate of 6.90% of their contributions
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is 24.06%.
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is 18.21%. This measures the effectiveness of the plan participants' investments in the year.
MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MONTEREY PENINSULA HORTICULTURE, INC. 401(K) PLAN is 0.68%.
Enrollment Features
MONTEREY PENINSULA HORTICULTURE, 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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