ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER

Plan Contact

  • Address: 155 PARAGON DRIVE,ROCHESTER,NY
  • Contact person: SHIRLEY HORNER
  • Phone: (585) 336-2262

Plan General Information

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is $30,857,769.00.This plan was established in 1956.

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is 429

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is $71,929.00

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is $3,857.00.

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is approximately $249.00
Investing in this additonal $249.00 for 20 years would give you extra $15,974.00, assuming a 10% annual return.

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Total Employer Contribution and Match Rate

In 2023, ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER allocates $107,076.00 to match its employees' contributions, providing an employer match rate of 6.34% of their contributions

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is 29.43%.

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is 34.30%. This measures the effectiveness of the plan participants' investments in the year.

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER Expense Ratio

In 2023, the investment and administrative expense ratio of ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER is 0.11%.

Enrollment Features

ROCHESTER MIDLAND CORPORATION 401(K) SALARY DEFERRAL AND DEFER 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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