MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN
Plan Contact
- Address: 622 THIRD AVE.,,NEW YORK,NY
- Contact person: MICHAEL CIPOLLA
- Phone: (212) 878-1800
Plan General Information
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is $340,348,151.00.This plan was established in 1992.
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is 2404
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is $141,575.00
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is $5,450.00.
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is approximately $2,845.00
Investing in this additonal $2,845.00 for 20 years would give you extra $182,106.00, assuming a 10% annual return.
Investing in this additonal $2,845.00 for 20 years would give you extra $182,106.00, assuming a 10% annual return.
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN allocates $6,840,366.00 to match its employees' contributions, providing an employer match rate of 53.49% of their contributions
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is 9.06%.
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is 14.20%. This measures the effectiveness of the plan participants' investments in the year.
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN is 0.05%.
Enrollment Features
MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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