MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN
Plan Contact
- Address: 13810 S.WESTERN AVENUE,BLUE ISLAND,IL
- Contact person: GREGORY J. HEIM
- Phone: (708) 388-1806
Plan General Information
MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN is 515
MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN is $2,176.00.
MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN is approximately $1,113.00
Investing in this additonal $1,113.00 for 20 years would give you extra $71,292.00, assuming a 10% annual return.
Investing in this additonal $1,113.00 for 20 years would give you extra $71,292.00, assuming a 10% annual return.
MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN Total Employer Contribution and Match Rate
In 2020, MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN allocates $573,680.00 to match its employees' contributions, providing an employer match rate of 52.66% of their contributions
Enrollment Features
MODERN DROP FORGE AFFILIATES RETIREMENT BENEFIT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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