MAIN INDUSTRIES, INC. 401(K) PLAN
Plan Contact
- Address: 107 E STREET,HAMPTON,VA
- Contact person: CALDWELL CHALLONER
- Phone: (757) 380-0180
Plan General Information
MAIN INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of MAIN INDUSTRIES, INC. 401(K) PLAN is $12,979,070.00.This plan was established in 1996.
MAIN INDUSTRIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in MAIN INDUSTRIES, INC. 401(K) PLAN is 169
MAIN INDUSTRIES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for MAIN INDUSTRIES, INC. 401(K) PLAN is $76,799.00
MAIN INDUSTRIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for MAIN INDUSTRIES, INC. 401(K) PLAN is $2,728.00.
MAIN INDUSTRIES, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in MAIN INDUSTRIES, INC. 401(K) PLAN is approximately $1,453.00
Investing in this additonal $1,453.00 for 20 years would give you extra $93,034.00, assuming a 10% annual return.
Investing in this additonal $1,453.00 for 20 years would give you extra $93,034.00, assuming a 10% annual return.
MAIN INDUSTRIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, MAIN INDUSTRIES, INC. 401(K) PLAN allocates $245,669.00 to match its employees' contributions, providing an employer match rate of 53.60% of their contributions
MAIN INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of MAIN INDUSTRIES, INC. 401(K) PLAN is -16.48%.
MAIN INDUSTRIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for MAIN INDUSTRIES, INC. 401(K) PLAN is -17.64%. This measures the effectiveness of the plan participants' investments in the year.
MAIN INDUSTRIES, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of MAIN INDUSTRIES, INC. 401(K) PLAN is 0.16%.
Enrollment Features
MAIN INDUSTRIES, INC. 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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