MOHAWK INDUSTRIES RETIREMENT PLAN 1
Plan Contact
- Address: 160 S. INDUSTRIAL BLVD.,CALHOUN,GA
- Contact person: KITTY HARDIN
- Phone: (706) 629-7721
Plan General Information
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MOHAWK INDUSTRIES RETIREMENT PLAN 1 is $234,224,135.00.This plan was established in 1989.
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MOHAWK INDUSTRIES RETIREMENT PLAN 1 is 13777
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MOHAWK INDUSTRIES RETIREMENT PLAN 1 is $17,001.00
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MOHAWK INDUSTRIES RETIREMENT PLAN 1 is $1,409.00.
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MOHAWK INDUSTRIES RETIREMENT PLAN 1 is approximately $639.00
Investing in this additonal $639.00 for 20 years would give you extra $40,948.00, assuming a 10% annual return.
Investing in this additonal $639.00 for 20 years would give you extra $40,948.00, assuming a 10% annual return.
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Total Employer Contribution and Match Rate
In 2023, MOHAWK INDUSTRIES RETIREMENT PLAN 1 allocates $8,814,778.00 to match its employees' contributions, providing an employer match rate of 42.39% of their contributions
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MOHAWK INDUSTRIES RETIREMENT PLAN 1 is 10.88%.
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MOHAWK INDUSTRIES RETIREMENT PLAN 1 is 12.66%. This measures the effectiveness of the plan participants' investments in the year.
MOHAWK INDUSTRIES RETIREMENT PLAN 1 Expense Ratio
In 2023, the investment and administrative expense ratio of MOHAWK INDUSTRIES RETIREMENT PLAN 1 is 0.32%.
Enrollment Features
MOHAWK INDUSTRIES RETIREMENT PLAN 1 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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