MTB MECHANICAL, INC. 401(K) PLAN
Plan Contact
- Address: 1201 INDUSTRIAL DRIVE,MATTHEWS,NC
- Phone: (704) 321-9250
Plan General Information
MTB MECHANICAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in MTB MECHANICAL, INC. 401(K) PLAN is 143
MTB MECHANICAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for MTB MECHANICAL, INC. 401(K) PLAN is $1,109.00.
MTB MECHANICAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in MTB MECHANICAL, INC. 401(K) PLAN is approximately $489.00
Investing in this additonal $489.00 for 20 years would give you extra $31,352.00, assuming a 10% annual return.
Investing in this additonal $489.00 for 20 years would give you extra $31,352.00, assuming a 10% annual return.
MTB MECHANICAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, MTB MECHANICAL, INC. 401(K) PLAN allocates $70,054.00 to match its employees' contributions, providing an employer match rate of 44.16% of their contributions
Enrollment Features
MTB MECHANICAL, INC. 401(K) 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.
Recent Articles
- The ABCs of Roth Conversions: Backdoor, Mega Backdoor, and More
- April 2025 MyPlanIQ Portfolio Update
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- The Right Way to Withdraw from Your 401(k) Without Regret
- Retirement Plan Contribution Limits in 2025
- Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
- Maximize Your Cash Returns
- March 2025 MyPlanIQ Portfolio Update
- Roth IRA for Kids? SEP IRA for Rental Income?
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …