SMITHFOODS INC. 401(K) SAVINGS PLANS
Plan Contact
- Address: 1381 DAIRY LANE,,ORRVILLE,OH
- Contact person: PLENNIE SIDES
- Phone: (330) 754-2304
Plan General Information
SMITHFOODS INC. 401(K) SAVINGS PLANS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SMITHFOODS INC. 401(K) SAVINGS PLANS is $24,543,952.00.This plan was established in 2011.
SMITHFOODS INC. 401(K) SAVINGS PLANS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SMITHFOODS INC. 401(K) SAVINGS PLANS is 608
SMITHFOODS INC. 401(K) SAVINGS PLANS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SMITHFOODS INC. 401(K) SAVINGS PLANS is $40,368.00
SMITHFOODS INC. 401(K) SAVINGS PLANS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SMITHFOODS INC. 401(K) SAVINGS PLANS is $2,196.00.
SMITHFOODS INC. 401(K) SAVINGS PLANS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SMITHFOODS INC. 401(K) SAVINGS PLANS is approximately $915.00
Investing in this additonal $915.00 for 20 years would give you extra $58,590.00, assuming a 10% annual return.
Investing in this additonal $915.00 for 20 years would give you extra $58,590.00, assuming a 10% annual return.
SMITHFOODS INC. 401(K) SAVINGS PLANS Total Employer Contribution and Match Rate
In 2023, SMITHFOODS INC. 401(K) SAVINGS PLANS allocates $556,605.00 to match its employees' contributions, providing an employer match rate of 41.10% of their contributions
SMITHFOODS INC. 401(K) SAVINGS PLANS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SMITHFOODS INC. 401(K) SAVINGS PLANS is -6.50%.
SMITHFOODS INC. 401(K) SAVINGS PLANS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SMITHFOODS INC. 401(K) SAVINGS PLANS is 16.75%. This measures the effectiveness of the plan participants' investments in the year.
SMITHFOODS INC. 401(K) SAVINGS PLANS Expense Ratio
In 2023, the investment and administrative expense ratio of SMITHFOODS INC. 401(K) SAVINGS PLANS is 0.26%.
Enrollment Features
SMITHFOODS INC. 401(K) SAVINGS PLANS 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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