MORRISON PRODUCTS, INC. 401(K) PLAN

Plan Contact

  • Address: 16900 S WATERLOO ROAD,CLEVELAND,OH
  • Contact person: JOSEPH MILITELLO
  • Phone: (216) 486-4000

Plan General Information

MORRISON PRODUCTS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of MORRISON PRODUCTS, INC. 401(K) PLAN is $30,746,081.00.This plan was established in 2001.

MORRISON PRODUCTS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in MORRISON PRODUCTS, INC. 401(K) PLAN is 634

MORRISON PRODUCTS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for MORRISON PRODUCTS, INC. 401(K) PLAN is $48,495.00

MORRISON PRODUCTS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for MORRISON PRODUCTS, INC. 401(K) PLAN is $5,401.00.

MORRISON PRODUCTS, INC. 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in MORRISON PRODUCTS, INC. 401(K) PLAN is approximately $2,077.00
Investing in this additonal $2,077.00 for 20 years would give you extra $132,966.00, assuming a 10% annual return.

MORRISON PRODUCTS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, MORRISON PRODUCTS, INC. 401(K) PLAN allocates $1,317,195.00 to match its employees' contributions, providing an employer match rate of 76.92% of their contributions

MORRISON PRODUCTS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of MORRISON PRODUCTS, INC. 401(K) PLAN is 20.71%.

MORRISON PRODUCTS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for MORRISON PRODUCTS, INC. 401(K) PLAN is 12.78%. This measures the effectiveness of the plan participants' investments in the year.

MORRISON PRODUCTS, INC. 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of MORRISON PRODUCTS, INC. 401(K) PLAN is 0.20%.

Enrollment Features

MORRISON PRODUCTS, 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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