MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES
Plan Contact
- Address: P.O. BOX 1231,,MADISON,WI
- Contact person: MATTHEW J. STOHR
- Phone: (608) 252-7101
Plan General Information
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is $38,686,925.00.This plan was established in 2007.
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is 249
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is $155,369.00
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is $9,461.00.
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is approximately $8,067.00
Investing in this additonal $8,067.00 for 20 years would give you extra $516,332.00, assuming a 10% annual return.
Investing in this additonal $8,067.00 for 20 years would give you extra $516,332.00, assuming a 10% annual return.
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Total Employer Contribution and Match Rate
In 2023, MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES allocates $2,008,855.00 to match its employees' contributions, providing an employer match rate of 91.91% of their contributions
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is 28.70%.
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is 16.01%. This measures the effectiveness of the plan participants' investments in the year.
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES is 0.00%.
Enrollment Features
MADISON GAS & ELECTRIC COMPANY RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES 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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