MINNESOTA WIRE & CABLE CO. 401(K) PLAN
Plan Contact
- Address: 1835 ENERGY PARK DRIVE,SAINT PAUL,MN
- Contact person: BRETT DAVIES
- Phone: (715) 210-6981
Plan General Information
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MINNESOTA WIRE & CABLE CO. 401(K) PLAN is $5,644,022.00.This plan was established in 1998.
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MINNESOTA WIRE & CABLE CO. 401(K) PLAN is 245
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MINNESOTA WIRE & CABLE CO. 401(K) PLAN is $23,036.00
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MINNESOTA WIRE & CABLE CO. 401(K) PLAN is $3,609.00.
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MINNESOTA WIRE & CABLE CO. 401(K) PLAN is approximately $296.00
Investing in this additonal $296.00 for 20 years would give you extra $19,001.00, assuming a 10% annual return.
Investing in this additonal $296.00 for 20 years would give you extra $19,001.00, assuming a 10% annual return.
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, MINNESOTA WIRE & CABLE CO. 401(K) PLAN allocates $72,741.00 to match its employees' contributions, providing an employer match rate of 16.45% of their contributions
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MINNESOTA WIRE & CABLE CO. 401(K) PLAN is 23.57%.
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MINNESOTA WIRE & CABLE CO. 401(K) PLAN is 19.56%. This measures the effectiveness of the plan participants' investments in the year.
MINNESOTA WIRE & CABLE CO. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MINNESOTA WIRE & CABLE CO. 401(K) PLAN is 0.61%.
Enrollment Features
MINNESOTA WIRE & CABLE CO. 401(K) 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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