THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390
Plan Contact
- Address: 465 SARATOGA STREET,COHOES,NY
- Contact person: HAROLD CROPSEY
- Phone: (518) 237-1740
Plan General Information
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is $23,507,346.00.This plan was established in 1991.
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is 280
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is $83,954.00
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is $6,186.00.
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is approximately $2,179.00
Investing in this additonal $2,179.00 for 20 years would give you extra $139,494.00, assuming a 10% annual return.
Investing in this additonal $2,179.00 for 20 years would give you extra $139,494.00, assuming a 10% annual return.
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Total Employer Contribution and Match Rate
In 2023, THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 allocates $610,290.00 to match its employees' contributions, providing an employer match rate of 70.47% of their contributions
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is -1.00%.
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is -2.52%. This measures the effectiveness of the plan participants' investments in the year.
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 Expense Ratio
In 2023, the investment and administrative expense ratio of THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 is 0.13%.
Enrollment Features
THE MOHAWK FINE PAPERS INC. 401(K) SAVINGS PLAN FOR MEMBERS OF THE UNITED STEELWORKERS UNION, LOCAL 390 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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