FOAM SEAL, INC. 401(K) PLAN
Plan Contact
- Address: 5109 HAMILTON AVE,CLEVELAND,OH
- Contact person: RONALD L. MOELLER
- Phone: (216) 881-8111
Plan General Information
FOAM SEAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FOAM SEAL, INC. 401(K) PLAN is $7,905,145.00.This plan was established in 1994.
FOAM SEAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FOAM SEAL, INC. 401(K) PLAN is 188
FOAM SEAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FOAM SEAL, INC. 401(K) PLAN is $42,048.00
FOAM SEAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FOAM SEAL, INC. 401(K) PLAN is $4,168.00.
FOAM SEAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FOAM SEAL, INC. 401(K) PLAN is approximately $1,817.00
Investing in this additonal $1,817.00 for 20 years would give you extra $116,298.00, assuming a 10% annual return.
Investing in this additonal $1,817.00 for 20 years would give you extra $116,298.00, assuming a 10% annual return.
FOAM SEAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, FOAM SEAL, INC. 401(K) PLAN allocates $341,628.00 to match its employees' contributions, providing an employer match rate of 49.22% of their contributions
FOAM SEAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FOAM SEAL, INC. 401(K) PLAN is 15.95%.
FOAM SEAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FOAM SEAL, INC. 401(K) PLAN is 15.44%. This measures the effectiveness of the plan participants' investments in the year.
FOAM SEAL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FOAM SEAL, INC. 401(K) PLAN is 0.61%.
Enrollment Features
FOAM SEAL, INC. 401(K) 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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