M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN
Plan Contact
- Address: ONE FOUNTAIN SQUARE,,RESTON,VA
- Contact person: LORI W. GRAY
- Phone: (703) 318-1900
Plan General Information
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2009, the total retirement plan assets of M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is $3,433,733.00.This plan was established in 1995.
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2009, the total number of retirement plan participants in M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is 124
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2009, the average participant retirement account value for M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is $27,691.00
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2009, the estimated average employee contribution amount per participant for M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is $6,801.00.
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2009, the estimated average employer match for an employee in M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is approximately $771.00
Investing in this additonal $771.00 for 20 years would give you extra $49,370.00, assuming a 10% annual return.
Investing in this additonal $771.00 for 20 years would give you extra $49,370.00, assuming a 10% annual return.
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2009, M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN allocates $95,656.00 to match its employees' contributions, providing an employer match rate of 22.69% of their contributions
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2009, the total retirement plan asset growth rate of M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is 40.04%.
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2009, the estimated aggregate retirement account investment gain/loss for M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is 25.31%. This measures the effectiveness of the plan participants' investments in the year.
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN Expense Ratio
In 2009, the investment and administrative expense ratio of M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN is 0.01%.
Enrollment Features
M.I.C. INDUSTRIES, INC. 401(K) SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
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