PROMED MOLDED PRODUCTS, INC. 401(K) PLAN
- Address: 15600 MEDINA ROAD,PLYMOUTH,MN
- Contact person: JENNIFER CALVIN
- Phone: (763) 331-3952
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.
At the end of 2022, the total retirement plan assets of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $12,476,388.00.This plan was established in 2003.
At the end of 2022, the total number of retirement plan participants in PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 331
In 2022, the average participant retirement account value for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $37,693.00
In 2022, the estimated average employee contribution amount per participant for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is $4,440.00
In 2022, the estimated average employer match for an employee in PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is approximately $1,648.00
In 2022, PROMED MOLDED PRODUCTS, INC. 401(K) PLAN allocates $545,798.00 to match its employees' contributions, providing an employer match rate of 42.02% of their contributions
In 2022, the total retirement plan asset growth rate of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is -10.36%
In 2022, the estimated aggregate retirement account investment gain/loss for PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is -14.64%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of PROMED MOLDED PRODUCTS, INC. 401(K) PLAN is 0.91%.
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