MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 192 HEALY AVE,MARINA,CA
- Phone: (831) 384-4081
Plan General Information
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is $21,245,668.00.This plan was established in 1982.
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is 244
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is $87,072.00
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is $1,249.00.
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is approximately $5,017.00
Investing in this additonal $5,017.00 for 20 years would give you extra $321,114.00, assuming a 10% annual return.
Investing in this additonal $5,017.00 for 20 years would give you extra $321,114.00, assuming a 10% annual return.
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN allocates $1,224,249.00 to match its employees' contributions, providing an employer match rate of 413.45% of their contributions
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is 11.54%.
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is 16.40%. This measures the effectiveness of the plan participants' investments in the year.
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS PLAN is 0.60%.
Enrollment Features
MONTEREY PENINSULA ENGINEERING RETIREMENT SAVINGS 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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