MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 1156 HIGHWAY 19 EAST,CHICKASHA,OK
- Contact person: ANN PATE
- Phone: (405) 224-4622
Plan General Information
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is $5,678,780.00.This plan was established in 1989.
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is 110
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is $51,625.00
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is $2,603.00.
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is approximately $1,594.00
Investing in this additonal $1,594.00 for 20 years would give you extra $102,071.00, assuming a 10% annual return.
Investing in this additonal $1,594.00 for 20 years would give you extra $102,071.00, assuming a 10% annual return.
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN allocates $175,436.00 to match its employees' contributions, providing an employer match rate of 54.57% of their contributions
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is 23.94%.
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is 15.44%. This measures the effectiveness of the plan participants' investments in the year.
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN is 0.57%.
Enrollment Features
MIDWEST COOLING TOWERS, INC. 401(K) PROFIT SHARING PLAN 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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