SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN
Plan Contact
- Address: 18686 172ND AVE,SPRING LAKE,MI
- Contact person: DAN JEWELL
- Phone: (616) 842-6550
Plan General Information
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is $5,735,133.00.This plan was established in 1993.
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is 127
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is $45,158.00
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is $2,994.00.
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is approximately $1,606.00
Investing in this additonal $1,606.00 for 20 years would give you extra $102,822.00, assuming a 10% annual return.
Investing in this additonal $1,606.00 for 20 years would give you extra $102,822.00, assuming a 10% annual return.
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Total Employer Contribution and Match Rate
In 2023, SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN allocates $204,038.00 to match its employees' contributions, providing an employer match rate of 54.94% of their contributions
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is 16.28%.
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is 17.07%. This measures the effectiveness of the plan participants' investments in the year.
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN is 0.33%.
Enrollment Features
SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) 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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