MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT

Plan Contact

  • Address: 82 E ORCHARD VIEW LN,,FRANKLIN,NC
  • Phone: (800) 563-4022

Plan General Information

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is $2,714,410.00.This plan was established in 2015.

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is 135

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is $20,106.00

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is $1,771.00.

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is approximately $827.00
Investing in this additonal $827.00 for 20 years would give you extra $52,929.00, assuming a 10% annual return.

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Total Employer Contribution and Match Rate

In 2023, MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT allocates $111,648.00 to match its employees' contributions, providing an employer match rate of 93.37% of their contributions

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is -9.00%.

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is 9.13%. This measures the effectiveness of the plan participants' investments in the year.

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT Expense Ratio

In 2023, the investment and administrative expense ratio of MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT is 0.22%.

Enrollment Features

MACON PROGRAM FOR PROGRESS, INC. 401(K) RETIREMENT 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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