MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR
Plan Contact
- Address: 2785 WEST MAIN STREET,WAPPINGER FALLS,NY
- Contact person: MARK CAPRARA
- Phone: (845) 297-5580
Plan General Information
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is $12,752,255.00.This plan was established in 1984.
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is 273
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is $46,711.00
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is $4,639.00.
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is approximately $827.00
Investing in this additonal $827.00 for 20 years would give you extra $52,979.00, assuming a 10% annual return.
Investing in this additonal $827.00 for 20 years would give you extra $52,979.00, assuming a 10% annual return.
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Total Employer Contribution and Match Rate
In 2023, MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR allocates $225,990.00 to match its employees' contributions, providing an employer match rate of 35.68% of their contributions
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is 13.51%.
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is 15.79%. This measures the effectiveness of the plan participants' investments in the year.
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR Expense Ratio
In 2023, the investment and administrative expense ratio of MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR is 0.54%.
Enrollment Features
MORGAN FUEL & HEATING COMPANY, INC. 401(K) PROFIT SHARING PLAN & TR has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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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