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OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN

Plan Contact

  • Address: 19001 OLD LAGRANGE ROAD, SUITE 300,MOKENA,IL
  • Contact person: NANCY HANNAFIN
  • Phone: (708) 326-4352

Plan General Information

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is $18,753,093.00.This plan was established in 1996.

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is 288

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is $65,114.00

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is $3,719.00.

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is approximately $4,893.00
Investing in this additonal $4,893.00 for 20 years would give you extra $313,211.00, assuming a 10% annual return.

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN allocates $1,409,451.00 to match its employees' contributions, providing an employer match rate of 125.90% of their contributions

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is 18.48%.

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is 15.97%. This measures the effectiveness of the plan participants' investments in the year.

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN is 0.21%.

Enrollment Features

OZINGA READY MIX CONCRETE, INC. RETIREMENT PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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