MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN
Plan Contact
- Contact person: SUSAN MURPHY
- Phone: (212) 715-5241
Plan General Information
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Total Retirement Plan Assets
At the end of 2004, the total retirement plan assets of MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is $115,912,460.00.This plan was established in 1985.
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2004, the total number of retirement plan participants in MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is 2981
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Average Participant Retirement Account Value
In 2004, the average participant retirement account value for MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is $38,883.00
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2004, the estimated average employee contribution amount per participant for MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is $5,650.00.
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Estimated Average Employer Match
In 2004, the estimated average employer match for an employee in MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is approximately $1,546.00
Investing in this additonal $1,546.00 for 20 years would give you extra $98,980.00, assuming a 10% annual return.
Investing in this additonal $1,546.00 for 20 years would give you extra $98,980.00, assuming a 10% annual return.
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Total Employer Contribution and Match Rate
In 2004, MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN allocates $4,610,335.00 to match its employees' contributions, providing an employer match rate of 54.74% of their contributions
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2004, the total retirement plan asset growth rate of MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is -16.95%.
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2004, the estimated aggregate retirement account investment gain/loss for MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is -17.19%. This measures the effectiveness of the plan participants' investments in the year.
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN Expense Ratio
In 2004, the investment and administrative expense ratio of MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN is 0.02%.
Enrollment Features
MG NORTH AMERICA HOLDINGS INC. SAVINGS PLAN has the following features:Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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