SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 605 4TH AVE NW,NEW PRAGUE,MN
- Contact person: MARY STICHA
- Phone: (952) 758-2591
Plan General Information
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is $21,616,193.00.This plan was established in 1990.
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is 139
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is $155,512.00
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is $6,071.00.
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is approximately $5,152.00
Investing in this additonal $5,152.00 for 20 years would give you extra $329,769.00, assuming a 10% annual return.
Investing in this additonal $5,152.00 for 20 years would give you extra $329,769.00, assuming a 10% annual return.
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN allocates $716,219.00 to match its employees' contributions, providing an employer match rate of 87.70% of their contributions
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is 19.60%.
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is 14.30%. This measures the effectiveness of the plan participants' investments in the year.
SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SCOTT EQUIPMENT COMPANY EMPLOYEES 401(K) PROFIT SHARING PLAN is 0.34%.
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