NOG-E HOURLY EMPLOYEES' SAVINGS PLAN
Plan Contact
- Address: 24703 EUCLID AVENUE,CLEVELAND,OH
- Contact person: ADAM HISTED
- Phone: (216) 912-3382
Plan General Information
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is $19,268,562.00.This plan was established in 1991.
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is 237
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is $81,301.00
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is $5,403.00.
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is approximately $3,021.00
Investing in this additonal $3,021.00 for 20 years would give you extra $193,361.00, assuming a 10% annual return.
Investing in this additonal $3,021.00 for 20 years would give you extra $193,361.00, assuming a 10% annual return.
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NOG-E HOURLY EMPLOYEES' SAVINGS PLAN allocates $716,041.00 to match its employees' contributions, providing an employer match rate of 57.74% of their contributions
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is 20.29%.
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is 16.50%. This measures the effectiveness of the plan participants' investments in the year.
NOG-E HOURLY EMPLOYEES' SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NOG-E HOURLY EMPLOYEES' SAVINGS PLAN is 0.07%.
Enrollment Features
NOG-E HOURLY EMPLOYEES' SAVINGS 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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