HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 31,MULLAN,ID
- Contact person: MICHELLE HORNING
- Phone: (208) 744-1751
Plan General Information
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is $18,274,905.00.This plan was established in 1994.
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is 533
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is $34,286.00
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is $6,475.00.
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is approximately $2,438.00
Investing in this additonal $2,438.00 for 20 years would give you extra $156,077.00, assuming a 10% annual return.
Investing in this additonal $2,438.00 for 20 years would give you extra $156,077.00, assuming a 10% annual return.
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN allocates $1,299,829.00 to match its employees' contributions, providing an employer match rate of 75.32% of their contributions
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is 33.05%.
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is 15.78%. This measures the effectiveness of the plan participants' investments in the year.
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS PLAN is 0.04%.
Enrollment Features
HECLA MINING CO/LUCKY FRIDAY HOURLY SAVINGS 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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