NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN
Plan Contact
- Address: 7 FEDERAL ROAD,DANBURY,CT
- Contact person: DONALD MITCHELL
- Phone: (203) 744-0600
Plan General Information
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is $25,400,603.00.This plan was established in 1984.
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is 241
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is $105,396.00
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is $2,638.00.
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is approximately $3,319.00
Investing in this additonal $3,319.00 for 20 years would give you extra $212,448.00, assuming a 10% annual return.
Investing in this additonal $3,319.00 for 20 years would give you extra $212,448.00, assuming a 10% annual return.
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN allocates $800,000.00 to match its employees' contributions, providing an employer match rate of 132.69% of their contributions
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is 7.93%.
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is 13.86%. This measures the effectiveness of the plan participants' investments in the year.
NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NORBERT E. MITCHELL CO., INC. RETIREMENT PLAN is 0.25%.
Enrollment Features
NORBERT E. MITCHELL CO., INC. RETIREMENT 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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