MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 1321 INDUSTRIAL PARKWAY NORTH SUITE,BRUNSWICK,OH
  • Contact person: GREG BOKAR
  • Phone: (330) 460-7021

Plan General Information

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is $32,981,952.00.This plan was established in 1979.

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is 631

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is $52,269.00

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is $3,499.00.

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is approximately $1,638.00
Investing in this additonal $1,638.00 for 20 years would give you extra $104,836.00, assuming a 10% annual return.

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN allocates $1,033,622.00 to match its employees' contributions, providing an employer match rate of 48.18% of their contributions

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is 23.92%.

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is 20.33%. This measures the effectiveness of the plan participants' investments in the year.

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MACK INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN is 0.32%.

Enrollment Features

MACK INDUSTRIES, INC. 401(K) PROFIT SHARING 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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