FERCHE MILLWORK, INC. SAVINGS PLAN

Plan Contact

  • Address: 400 DIVISION STREET NORTH,RICE,MN
  • Contact person: PLAN SPONSOR
  • Phone: (320) 393-5700

Plan General Information

FERCHE MILLWORK, INC. SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FERCHE MILLWORK, INC. SAVINGS PLAN is $12,327,854.00.This plan was established in 2021.

FERCHE MILLWORK, INC. SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FERCHE MILLWORK, INC. SAVINGS PLAN is 133

FERCHE MILLWORK, INC. SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FERCHE MILLWORK, INC. SAVINGS PLAN is $92,690.00

FERCHE MILLWORK, INC. SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FERCHE MILLWORK, INC. SAVINGS PLAN is $4,169.00.

FERCHE MILLWORK, INC. SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FERCHE MILLWORK, INC. SAVINGS PLAN is approximately $982.00
Investing in this additonal $982.00 for 20 years would give you extra $62,905.00, assuming a 10% annual return.

FERCHE MILLWORK, INC. SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, FERCHE MILLWORK, INC. SAVINGS PLAN allocates $130,726.00 to match its employees' contributions, providing an employer match rate of 47.15% of their contributions

FERCHE MILLWORK, INC. SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FERCHE MILLWORK, INC. SAVINGS PLAN is 7.80%.

FERCHE MILLWORK, INC. SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FERCHE MILLWORK, INC. SAVINGS PLAN is 14.55%. This measures the effectiveness of the plan participants' investments in the year.

FERCHE MILLWORK, INC. SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of FERCHE MILLWORK, INC. SAVINGS PLAN is 0.06%.

Enrollment Features

FERCHE MILLWORK, INC. SAVINGS 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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