SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN
Plan Contact
- Address: 150 EAST BRIDGE STREET,ELYRIA,OH
- Contact person: JOE MASTRODONATO
- Phone: (440) 323-4671
Plan General Information
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is $89,191,387.00.This plan was established in 1973.
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is 1332
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is $66,960.00
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is $2,402.00.
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is approximately $1,656.00
Investing in this additonal $1,656.00 for 20 years would give you extra $106,025.00, assuming a 10% annual return.
Investing in this additonal $1,656.00 for 20 years would give you extra $106,025.00, assuming a 10% annual return.
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN allocates $2,206,662.00 to match its employees' contributions, providing an employer match rate of 73.27% of their contributions
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is 16.07%.
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is 19.13%. This measures the effectiveness of the plan participants' investments in the year.
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS PLAN is 0.45%.
Enrollment Features
SPITZER MANAGEMENT INC PROFIT SHARING AND SAVINGS 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.
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