GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 921 FOURNIE LANE,COLLINSVILLE,IL
- Contact person: AARON POLLARD
- Phone: (618) 345-0123
Plan General Information
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is $17,104,576.00.This plan was established in 2004.
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is 284
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is $60,227.00
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is $3,875.00.
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is approximately $2,324.00
Investing in this additonal $2,324.00 for 20 years would give you extra $148,778.00, assuming a 10% annual return.
Investing in this additonal $2,324.00 for 20 years would give you extra $148,778.00, assuming a 10% annual return.
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN allocates $660,203.00 to match its employees' contributions, providing an employer match rate of 58.43% of their contributions
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is 9.80%.
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is 17.73%. This measures the effectiveness of the plan participants' investments in the year.
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN is 0.45%.
Enrollment Features
GATEWAY INDUSTRIAL POWER, INC. RETIREMENT SAVINGS PLAN 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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