MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN
Plan Contact
- Address: 6201 SW 70TH STREET, FLOOR 1,SOUTH MIAMI,FL
- Contact person: LAURA MUNILLA
- Phone: (305) 541-0000
Plan General Information
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is $5,532,054.00.This plan was established in 1995.
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is 159
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is $34,792.00
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is $1,709.00.
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is approximately $1,144.00
Investing in this additonal $1,144.00 for 20 years would give you extra $73,221.00, assuming a 10% annual return.
Investing in this additonal $1,144.00 for 20 years would give you extra $73,221.00, assuming a 10% annual return.
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN allocates $181,909.00 to match its employees' contributions, providing an employer match rate of 61.15% of their contributions
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is -12.98%.
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is 12.11%. This measures the effectiveness of the plan participants' investments in the year.
MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAGNUM CONSTRUCTION MANAGEMENT 401(K) PLAN is 0.76%.
Enrollment Features
MAGNUM CONSTRUCTION MANAGEMENT 401(K) 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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