ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 3650 SOUTH DERENZY ROAD,BELLAIRE,MI
- Contact person: MATTHEW VONDERBRINK
- Phone: (248) 489-9122
Plan General Information
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is $22,688,819.00.This plan was established in 1956.
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is 209
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is $108,558.00
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is $4,121.00.
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is approximately $1,727.00
Investing in this additonal $1,727.00 for 20 years would give you extra $110,576.00, assuming a 10% annual return.
Investing in this additonal $1,727.00 for 20 years would give you extra $110,576.00, assuming a 10% annual return.
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN allocates $361,103.00 to match its employees' contributions, providing an employer match rate of 40.38% of their contributions
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is 12.82%.
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is 13.94%. This measures the effectiveness of the plan participants' investments in the year.
ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ANCHOR LAMINA AMERICA, INC. 401(K) RETIREMENT PLAN is 0.13%.
Enrollment Features
ANCHOR LAMINA AMERICA, INC. 401(K) 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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