PROMED MOLDED PRODUCTS, INC. 401(K) PLAN

Plan Contact

  • Address: 15600 MEDINA ROAD,PLYMOUTH,MN
  • Contact person: JENNIFER CALVIN
  • Phone: (763) 331-3952

Plan General Information

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

At the end of 2023, the total retirement plan assets of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $15,482,314.00.This plan was established in 2003.

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

At the end of 2023, the total number of retirement plan participants in PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 360

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

In 2023, the average participant retirement account value for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $43,006.00

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

In 2023, the estimated average employee contribution amount per participant for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $4,643.00.

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

In 2023, the estimated average employer match for an employee in PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is approximately $1,922.00
Investing in this additonal $1,922.00 for 20 years would give you extra $123,027.00, assuming a 10% annual return.

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

In 2023, PROMED MOLDED PRODUCTS, INC. 401(K) PLAN allocates $692,027.00 to match its employees' contributions, providing an employer match rate of 48.55% of their contributions

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

In 2023, the total retirement plan asset growth rate of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 24.09%.

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

In 2023, the estimated aggregate retirement account investment gain/loss for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 16.14%. This measures the effectiveness of the plan participants' investments in the year.

PROMED MOLDED PRODUCTS, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 0.76%.

Enrollment Features

PROMED MOLDED 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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