WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN
Plan Contact
- Address: 1533 NORTH JOHNSON AVENUE,EL CAJON,CA
- Contact person: VANESSA URREGO
- Phone: (619) 440-2300
Plan General Information
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is $14,755,847.00.This plan was established in 1990.
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is 169
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is $87,312.00
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is $3,980.00.
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is approximately $643.00
Investing in this additonal $643.00 for 20 years would give you extra $41,183.00, assuming a 10% annual return.
Investing in this additonal $643.00 for 20 years would give you extra $41,183.00, assuming a 10% annual return.
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2022, WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN allocates $108,751.00 to match its employees' contributions, providing an employer match rate of 16.12% of their contributions
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is -17.98%.
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is -13.64%. This measures the effectiveness of the plan participants' investments in the year.
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN is 0.25%.
Enrollment Features
WELDMAC TAX FAVORED SAVINGS/ RETIREMENT PLAN 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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