MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES
Plan Contact
- Address: 3142 S. COWAN ROAD,MUNCIE,IN
- Phone: (765) 289-3355
Plan General Information
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is $3,548,301.00.This plan was established in 2004.
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is 122
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Average Participant Retirement Account Value
In 2022, the average participant retirement account value for MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is $29,084.00
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is $2,571.00.
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is approximately $449.00
Investing in this additonal $449.00 for 20 years would give you extra $28,764.00, assuming a 10% annual return.
Investing in this additonal $449.00 for 20 years would give you extra $28,764.00, assuming a 10% annual return.
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2022, MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES allocates $54,833.00 to match its employees' contributions, providing an employer match rate of 34.96% of their contributions
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is -30.09%.
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is -15.25%. This measures the effectiveness of the plan participants' investments in the year.
MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES Expense Ratio
In 2022, the investment and administrative expense ratio of MID-WEST METAL PRODUCTS CO., INC. PROFIT SHARING RETIREMENT PLAN FOR HOURLY EMPLOYEES is 0.53%.
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