MINGHUA USA, INC. 401(K) PLAN
Plan Contact
- Address: 1000 ROBINSON ROAD,GREER,SC
- Contact person: TRISH BARTLEY
- Phone: (864) 448-8705
Plan General Information
MINGHUA USA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of MINGHUA USA, INC. 401(K) PLAN is $135,026.00.This plan was established in 2022.
MINGHUA USA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in MINGHUA USA, INC. 401(K) PLAN is 283
MINGHUA USA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for MINGHUA USA, INC. 401(K) PLAN is $477.00
MINGHUA USA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for MINGHUA USA, INC. 401(K) PLAN is $1,074.00.
MINGHUA USA, INC. 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in MINGHUA USA, INC. 401(K) PLAN is approximately $585.00
Investing in this additonal $585.00 for 20 years would give you extra $37,474.00, assuming a 10% annual return.
Investing in this additonal $585.00 for 20 years would give you extra $37,474.00, assuming a 10% annual return.
MINGHUA USA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, MINGHUA USA, INC. 401(K) PLAN allocates $165,707.00 to match its employees' contributions, providing an employer match rate of 54.52% of their contributions
MINGHUA USA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of MINGHUA USA, INC. 401(K) PLAN is -92.38%.
MINGHUA USA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for MINGHUA USA, INC. 401(K) PLAN is 13.82%. This measures the effectiveness of the plan participants' investments in the year.
MINGHUA USA, INC. 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of MINGHUA USA, INC. 401(K) PLAN is 16.31%.
Enrollment Features
MINGHUA USA, INC. 401(K) 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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