MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 1001 LEHIGH STATION ROAD,HENRIETTA,NY
- Contact person: KAREN LONG
- Phone: (585) 334-3867
Plan General Information
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is $26,695,675.00.This plan was established in 1962.
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is 383
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is $69,701.00
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is $4,459.00.
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,738.00
Investing in this additonal $1,738.00 for 20 years would give you extra $111,247.00, assuming a 10% annual return.
Investing in this additonal $1,738.00 for 20 years would give you extra $111,247.00, assuming a 10% annual return.
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST allocates $665,746.00 to match its employees' contributions, providing an employer match rate of 44.16% of their contributions
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is 29.29%.
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is 17.77%. This measures the effectiveness of the plan participants' investments in the year.
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST is 0.35%.
Enrollment Features
MONROE TRACTOR & IMPLEMENT CO. INC 401(K) PROFIT SHARING PLAN & TRUST 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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