MINKA LIGHTING, INC. 401(K) PLAN
Plan Contact
- Address: 1151 WEST BRADFORD CIRCLE,CORONA,CA
- Contact person: JOHN TARAZONA
- Phone: (951) 735-9220
Plan General Information
MINKA LIGHTING, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MINKA LIGHTING, INC. 401(K) PLAN is $65,984.00.This plan was established in 1996.
MINKA LIGHTING, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MINKA LIGHTING, INC. 401(K) PLAN is 13
MINKA LIGHTING, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MINKA LIGHTING, INC. 401(K) PLAN is $5,075.00
MINKA LIGHTING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MINKA LIGHTING, INC. 401(K) PLAN is $2,669.00.
MINKA LIGHTING, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MINKA LIGHTING, INC. 401(K) PLAN is approximately $16,669.00
Investing in this additonal $16,669.00 for 20 years would give you extra $1,066,835.00, assuming a 10% annual return.
Investing in this additonal $16,669.00 for 20 years would give you extra $1,066,835.00, assuming a 10% annual return.
MINKA LIGHTING, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MINKA LIGHTING, INC. 401(K) PLAN allocates $216,701.00 to match its employees' contributions, providing an employer match rate of 46.92% of their contributions
MINKA LIGHTING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MINKA LIGHTING, INC. 401(K) PLAN is -99.63%.
MINKA LIGHTING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MINKA LIGHTING, INC. 401(K) PLAN is -30.17%. This measures the effectiveness of the plan participants' investments in the year.
MINKA LIGHTING, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MINKA LIGHTING, INC. 401(K) PLAN is 42.17%.
Enrollment Features
MINKA LIGHTING, 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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