MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 605 CHESTNUT STREET,,CHATTANOOGA,TN
- Contact person: JULIE MEEKER
- Phone: (423) 298-6359
Plan General Information
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is $4,917,545.00.This plan was established in 1990.
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is 229
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is $21,473.00
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is $2,886.00.
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,268.00
Investing in this additonal $1,268.00 for 20 years would give you extra $81,188.00, assuming a 10% annual return.
Investing in this additonal $1,268.00 for 20 years would give you extra $81,188.00, assuming a 10% annual return.
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST allocates $290,504.00 to match its employees' contributions, providing an employer match rate of 48.50% of their contributions
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is 38.86%.
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is 17.53%. This measures the effectiveness of the plan participants' investments in the year.
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST is 0.55%.
Enrollment Features
MFG CHEMICAL LLC 401(K) PROFIT SHARING PLAN & TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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