GRIFFON CORPORATION RETIREMENT PLAN
Plan Contact
- Address: 712 FIFTH AVENUE,,NEW YORK,NY
- Contact person: MEGHAN FANEY
- Phone: (212) 957-5077
Plan General Information
GRIFFON CORPORATION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GRIFFON CORPORATION RETIREMENT PLAN is $628,279,591.00.This plan was established in 1983.
GRIFFON CORPORATION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GRIFFON CORPORATION RETIREMENT PLAN is 6950
GRIFFON CORPORATION RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GRIFFON CORPORATION RETIREMENT PLAN is $90,399.00
GRIFFON CORPORATION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GRIFFON CORPORATION RETIREMENT PLAN is $2,764.00.
GRIFFON CORPORATION RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GRIFFON CORPORATION RETIREMENT PLAN is approximately $1,474.00
Investing in this additonal $1,474.00 for 20 years would give you extra $94,343.00, assuming a 10% annual return.
Investing in this additonal $1,474.00 for 20 years would give you extra $94,343.00, assuming a 10% annual return.
GRIFFON CORPORATION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, GRIFFON CORPORATION RETIREMENT PLAN allocates $10,245,101.00 to match its employees' contributions, providing an employer match rate of 53.25% of their contributions
GRIFFON CORPORATION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GRIFFON CORPORATION RETIREMENT PLAN is 10.26%.
GRIFFON CORPORATION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GRIFFON CORPORATION RETIREMENT PLAN is 17.40%. This measures the effectiveness of the plan participants' investments in the year.
GRIFFON CORPORATION RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of GRIFFON CORPORATION RETIREMENT PLAN is 0.10%.
Enrollment Features
GRIFFON CORPORATION RETIREMENT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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