WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN
Plan Contact
- Address: PO BOX 372587,CAYEY,PR
- Contact person: ANNETTE FAVORITE
- Phone: (787) 747-4900
Plan General Information
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is $8,956,353.00.This plan was established in 1993.
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is 182
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is $49,210.00
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is $2,601.00.
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is approximately $2,500.00
Investing in this additonal $2,500.00 for 20 years would give you extra $160,016.00, assuming a 10% annual return.
Investing in this additonal $2,500.00 for 20 years would give you extra $160,016.00, assuming a 10% annual return.
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Total Employer Contribution and Match Rate
In 2023, WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN allocates $455,046.00 to match its employees' contributions, providing an employer match rate of 100.25% of their contributions
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is 19.03%.
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is 18.81%. This measures the effectiveness of the plan participants' investments in the year.
WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WEST CONTRACT MANUFACTURING SAVINGS AND RET. PLAN is 0.09%.
Enrollment Features
WEST CONTRACT MANUFACTURING SAVINGS AND RET. 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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