MAKITA SHARED SAVINGS PLAN
Plan Contact
- Address: 14930 NORTHAM STREET,LA MIRADA,CA
- Contact person: MICHAEL HENDERSON
- Phone: (714) 522-8088
Plan General Information
MAKITA SHARED SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAKITA SHARED SAVINGS PLAN is $92,837,913.00.This plan was established in 1986.
MAKITA SHARED SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAKITA SHARED SAVINGS PLAN is 1227
MAKITA SHARED SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAKITA SHARED SAVINGS PLAN is $75,662.00
MAKITA SHARED SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAKITA SHARED SAVINGS PLAN is $3,881.00.
MAKITA SHARED SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAKITA SHARED SAVINGS PLAN is approximately $1,692.00
Investing in this additonal $1,692.00 for 20 years would give you extra $108,337.00, assuming a 10% annual return.
Investing in this additonal $1,692.00 for 20 years would give you extra $108,337.00, assuming a 10% annual return.
MAKITA SHARED SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, MAKITA SHARED SAVINGS PLAN allocates $2,077,037.00 to match its employees' contributions, providing an employer match rate of 46.70% of their contributions
MAKITA SHARED SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAKITA SHARED SAVINGS PLAN is 12.88%.
MAKITA SHARED SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAKITA SHARED SAVINGS PLAN is 16.59%. This measures the effectiveness of the plan participants' investments in the year.
MAKITA SHARED SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAKITA SHARED SAVINGS PLAN is 0.02%.
Enrollment Features
MAKITA SHARED SAVINGS PLAN 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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