MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN
Plan Contact
- Address: 1776 HARRINGTON MEMORIAL ROAD,MANSFIELD,OH
- Contact person: ANTHONY WARREN
- Phone: (419) 524-1300
Plan General Information
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is $6,263,187.00.This plan was established in 1991.
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is 217
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is $28,862.00
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is $1,414.00.
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is approximately $949.00
Investing in this additonal $949.00 for 20 years would give you extra $60,783.00, assuming a 10% annual return.
Investing in this additonal $949.00 for 20 years would give you extra $60,783.00, assuming a 10% annual return.
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN allocates $206,095.00 to match its employees' contributions, providing an employer match rate of 67.32% of their contributions
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is 21.16%.
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is 17.56%. This measures the effectiveness of the plan participants' investments in the year.
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) PLAN is 0.95%.
Enrollment Features
MANSFIELD ENGINEERED COMPONENTS, INC. 401(K) 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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