RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO.
Plan Contact
- Address: 234 WEST CHISHOLM,ALPENA,MI
- Contact person: SUSAN MSTENDER
- Phone: (989) 356-3048
Plan General Information
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is $2,932,430.00.This plan was established in 1988.
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is 148
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Average Participant Retirement Account Value
In 2022, the average participant retirement account value for RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is $19,813.00
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is $803.00.
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is approximately $309.00
Investing in this additonal $309.00 for 20 years would give you extra $19,835.00, assuming a 10% annual return.
Investing in this additonal $309.00 for 20 years would give you extra $19,835.00, assuming a 10% annual return.
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Total Employer Contribution and Match Rate
In 2022, RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. allocates $45,869.00 to match its employees' contributions, providing an employer match rate of 37.42% of their contributions
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is -20.68%.
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is -13.88%. This measures the effectiveness of the plan participants' investments in the year.
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. Expense Ratio
In 2022, the investment and administrative expense ratio of RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. is 0.97%.
Enrollment Features
RETIREMENT PLAN FOR EMPLOYEES OF W.M.C.R. CO. 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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