NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST
Plan Contact
- Address: 5005 COUNTY ROAD 25,SAINT LOUIS PARK,MN
- Contact person: AMY HILLSTROM
- Phone: (952) 924-8587
Plan General Information
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is $23,993,395.00.This plan was established in 1981.
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is 243
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is $98,738.00
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is $4,113.00.
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is approximately $1,853.00
Investing in this additonal $1,853.00 for 20 years would give you extra $118,640.00, assuming a 10% annual return.
Investing in this additonal $1,853.00 for 20 years would give you extra $118,640.00, assuming a 10% annual return.
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST allocates $450,462.00 to match its employees' contributions, providing an employer match rate of 42.12% of their contributions
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is 13.34%.
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is 15.50%. This measures the effectiveness of the plan participants' investments in the year.
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST is 0.25%.
Enrollment Features
NORTHLAND ALUMINUM PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN AND TRUST 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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