MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 9980 HUENNEKENS ST STE 200,SAN DIEGO,CA
- Contact person: JILL ELDER
- Phone: (858) 587-8777
Plan General Information
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is $2,702,202.00.This plan was established in 1993.
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is 121
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is $22,332.00
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is $4,652.00.
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is approximately $501.00
Investing in this additonal $501.00 for 20 years would give you extra $32,104.00, assuming a 10% annual return.
Investing in this additonal $501.00 for 20 years would give you extra $32,104.00, assuming a 10% annual return.
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2020, MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN allocates $60,697.00 to match its employees' contributions, providing an employer match rate of 21.56% of their contributions
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is 19.04%.
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is 14.06%. This measures the effectiveness of the plan participants' investments in the year.
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING PLAN is 0.90%.
Enrollment Features
MERIDIAN RACK & PINION, INC. 401(K) PROFIT SHARING 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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