PREFERRED PLASTICS, INC. 401(K) PLAN

Plan Contact

  • Address: 800 EAST BRIDGE ST.,PLAINWELL,MI
  • Contact person: BRITTANI KINCAID
  • Phone: (269) 685-5873

Plan General Information

PREFERRED PLASTICS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of PREFERRED PLASTICS, INC. 401(K) PLAN is $14,197,710.00.This plan was established in 2022.

PREFERRED PLASTICS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in PREFERRED PLASTICS, INC. 401(K) PLAN is 162

PREFERRED PLASTICS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for PREFERRED PLASTICS, INC. 401(K) PLAN is $87,640.00

PREFERRED PLASTICS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for PREFERRED PLASTICS, INC. 401(K) PLAN is $3,420.00.

PREFERRED PLASTICS, INC. 401(K) PLAN Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in PREFERRED PLASTICS, INC. 401(K) PLAN is approximately $1,703.00
Investing in this additonal $1,703.00 for 20 years would give you extra $109,030.00, assuming a 10% annual return.

PREFERRED PLASTICS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2021, PREFERRED PLASTICS, INC. 401(K) PLAN allocates $275,984.00 to match its employees' contributions, providing an employer match rate of 49.81% of their contributions

PREFERRED PLASTICS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of PREFERRED PLASTICS, INC. 401(K) PLAN is 10.69%.

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

In 2021, the estimated aggregate retirement account investment gain/loss for PREFERRED PLASTICS, INC. 401(K) PLAN is 13.40%. This measures the effectiveness of the plan participants' investments in the year.

PREFERRED PLASTICS, INC. 401(K) PLAN Expense Ratio

In 2021, the investment and administrative expense ratio of PREFERRED PLASTICS, INC. 401(K) PLAN is 0.59%.

Enrollment Features

PREFERRED PLASTICS, INC. 401(K) 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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