MGC CONTRACTORS, INC. 401(K) PLAN
Plan Contact
- Address: 4110 EAST ELWOOD STREET,PHOENIX,AZ
- Contact person: DAVID MILLER
- Phone: (602) 437-5000
Plan General Information
MGC CONTRACTORS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MGC CONTRACTORS, INC. 401(K) PLAN is $14,578,534.00.This plan was established in 1995.
MGC CONTRACTORS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MGC CONTRACTORS, INC. 401(K) PLAN is 332
MGC CONTRACTORS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MGC CONTRACTORS, INC. 401(K) PLAN is $43,911.00
MGC CONTRACTORS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MGC CONTRACTORS, INC. 401(K) PLAN is $3,715.00.
MGC CONTRACTORS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MGC CONTRACTORS, INC. 401(K) PLAN is approximately $660.00
Investing in this additonal $660.00 for 20 years would give you extra $42,273.00, assuming a 10% annual return.
Investing in this additonal $660.00 for 20 years would give you extra $42,273.00, assuming a 10% annual return.
MGC CONTRACTORS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MGC CONTRACTORS, INC. 401(K) PLAN allocates $219,293.00 to match its employees' contributions, providing an employer match rate of 21.11% of their contributions
MGC CONTRACTORS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MGC CONTRACTORS, INC. 401(K) PLAN is 21.41%.
MGC CONTRACTORS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MGC CONTRACTORS, INC. 401(K) PLAN is 16.51%. This measures the effectiveness of the plan participants' investments in the year.
MGC CONTRACTORS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MGC CONTRACTORS, INC. 401(K) PLAN is 0.29%.
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