THE MCALEAR GROUP, INC. RETIREMENT PLAN
Plan Contact
- Address: 1703 TOLL GATE DRIVE,MAUMEE,OH
- Contact person: ALLEN BISHOP
- Phone: (567) 316-2669
Plan General Information
THE MCALEAR GROUP, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE MCALEAR GROUP, INC. RETIREMENT PLAN is $11,256,370.00.This plan was established in 1976.
THE MCALEAR GROUP, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE MCALEAR GROUP, INC. RETIREMENT PLAN is 435
THE MCALEAR GROUP, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE MCALEAR GROUP, INC. RETIREMENT PLAN is $25,876.00
THE MCALEAR GROUP, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE MCALEAR GROUP, INC. RETIREMENT PLAN is $3,212.00.
THE MCALEAR GROUP, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE MCALEAR GROUP, INC. RETIREMENT PLAN is approximately $1,367.00
Investing in this additonal $1,367.00 for 20 years would give you extra $87,509.00, assuming a 10% annual return.
Investing in this additonal $1,367.00 for 20 years would give you extra $87,509.00, assuming a 10% annual return.
THE MCALEAR GROUP, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, THE MCALEAR GROUP, INC. RETIREMENT PLAN allocates $594,790.00 to match its employees' contributions, providing an employer match rate of 51.93% of their contributions
THE MCALEAR GROUP, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE MCALEAR GROUP, INC. RETIREMENT PLAN is 24.47%.
THE MCALEAR GROUP, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE MCALEAR GROUP, INC. RETIREMENT PLAN is 16.98%. This measures the effectiveness of the plan participants' investments in the year.
THE MCALEAR GROUP, INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE MCALEAR GROUP, INC. RETIREMENT PLAN is 0.51%.
Enrollment Features
THE MCALEAR GROUP, INC. RETIREMENT 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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