MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: KEYSER INDUSTRIAL PARK, WAXLER ROAD,,KEYSER,WV
- Contact person: JASON HALE
- Phone: (304) 788-5855
Plan General Information
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is $2,774,567.00.This plan was established in 1990.
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is 116
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is $23,918.00
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is $2,317.00.
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is approximately $296.00
Investing in this additonal $296.00 for 20 years would give you extra $18,952.00, assuming a 10% annual return.
Investing in this additonal $296.00 for 20 years would give you extra $18,952.00, assuming a 10% annual return.
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2020, MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN allocates $34,351.00 to match its employees' contributions, providing an employer match rate of 25.55% of their contributions
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is 4.08%.
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is 2.66%. This measures the effectiveness of the plan participants' investments in the year.
MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MINERAL FABRICATION & MACHINE CO., INC. 401(K) PROFIT SHARING PLAN is 0.07%.
Enrollment Features
MINERAL FABRICATION & MACHINE CO., 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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