FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA
Plan Contact
- Address: 900 LEESVILLE AVENUE,RAHWAY,NJ
- Contact person: MADDALENA STODUTO
- Phone: (732) 381-3355
Plan General Information
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is $14,386,117.00.This plan was established in 1995.
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is 349
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is $41,220.00
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is $2,661.00.
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is approximately $992.00
Investing in this additonal $992.00 for 20 years would give you extra $63,526.00, assuming a 10% annual return.
Investing in this additonal $992.00 for 20 years would give you extra $63,526.00, assuming a 10% annual return.
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Total Employer Contribution and Match Rate
In 2023, FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA allocates $346,418.00 to match its employees' contributions, providing an employer match rate of 36.61% of their contributions
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is 31.90%.
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is 21.78%. This measures the effectiveness of the plan participants' investments in the year.
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA Expense Ratio
In 2023, the investment and administrative expense ratio of FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA is 0.37%.
Enrollment Features
FORTUNE METAL INC. OF RHODE ISLAND 401(K) PROFIT SHARING PLA has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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