BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN
Plan Contact
- Address: 6565 S SPRINKLE RD,PORTAGE,MI
- Contact person: TERESA STANLEY
- Phone: (269) 323-2565
Plan General Information
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2014, the total retirement plan assets of BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is $9,142,354.00.This plan was established in 1982.
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2014, the total number of retirement plan participants in BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is 366
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2014, the average participant retirement account value for BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is $24,979.00
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2014, the estimated average employee contribution amount per participant for BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is $3,356.00.
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Estimated Average Employer Match
In 2014, the estimated average employer match for an employee in BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is approximately $436.00
Investing in this additonal $436.00 for 20 years would give you extra $27,959.00, assuming a 10% annual return.
Investing in this additonal $436.00 for 20 years would give you extra $27,959.00, assuming a 10% annual return.
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2014, BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN allocates $159,894.00 to match its employees' contributions, providing an employer match rate of 26.04% of their contributions
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2014, the total retirement plan asset growth rate of BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is 5.52%.
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2014, the estimated aggregate retirement account investment gain/loss for BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is 6.53%. This measures the effectiveness of the plan participants' investments in the year.
BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN Expense Ratio
In 2014, the investment and administrative expense ratio of BOWERS MANUFACTURING COMPANY PROFIT SHARING PLAN is 0.08%.
Enrollment Features
BOWERS MANUFACTURING COMPANY PROFIT SHARING 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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