GRACO EMPLOYEE INVESTMENT PLAN
Plan Contact
- Address: 88 11TH AVENUE NE,MINNEAPOLIS,MN
- Contact person: DAVID M LAWRENCE
- Phone: (612) 623-6000
Plan General Information
GRACO EMPLOYEE INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GRACO EMPLOYEE INVESTMENT PLAN is $571,613,175.00.This plan was established in 1972.
GRACO EMPLOYEE INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GRACO EMPLOYEE INVESTMENT PLAN is 3449
GRACO EMPLOYEE INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GRACO EMPLOYEE INVESTMENT PLAN is $165,733.00
GRACO EMPLOYEE INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GRACO EMPLOYEE INVESTMENT PLAN is $6,995.00.
GRACO EMPLOYEE INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GRACO EMPLOYEE INVESTMENT PLAN is approximately $3,294.00
Investing in this additonal $3,294.00 for 20 years would give you extra $210,830.00, assuming a 10% annual return.
Investing in this additonal $3,294.00 for 20 years would give you extra $210,830.00, assuming a 10% annual return.
GRACO EMPLOYEE INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, GRACO EMPLOYEE INVESTMENT PLAN allocates $11,361,813.00 to match its employees' contributions, providing an employer match rate of 50.03% of their contributions
GRACO EMPLOYEE INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GRACO EMPLOYEE INVESTMENT PLAN is 18.05%.
GRACO EMPLOYEE INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GRACO EMPLOYEE INVESTMENT PLAN is 19.76%. This measures the effectiveness of the plan participants' investments in the year.
GRACO EMPLOYEE INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GRACO EMPLOYEE INVESTMENT PLAN is 0.08%.
Enrollment Features
GRACO EMPLOYEE INVESTMENT 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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