MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN
Plan Contact
- Address: 200 WALL STREET,HOLLIDAYSBURG,PA
- Contact person: DIANE MCLANAHAN
- Phone: (814) 695-9807
Plan General Information
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is $51,150,798.00.This plan was established in 2004.
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is 462
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is $110,716.00
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is $4,884.00.
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is approximately $2,621.00
Investing in this additonal $2,621.00 for 20 years would give you extra $167,745.00, assuming a 10% annual return.
Investing in this additonal $2,621.00 for 20 years would give you extra $167,745.00, assuming a 10% annual return.
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN allocates $1,210,912.00 to match its employees' contributions, providing an employer match rate of 58.06% of their contributions
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is 21.75%.
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is 15.68%. This measures the effectiveness of the plan participants' investments in the year.
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN is 0.23%.
Enrollment Features
MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT 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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