NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN
Plan Contact
- Address: 900 KNELL ST,MONTGOMERY,IL
- Contact person: MARK LAWTON
- Phone: (708) 372-2682
Plan General Information
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is $14,359,132.00.This plan was established in 1992.
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is 238
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is $60,332.00
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is $4,842.00.
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is approximately $1,209.00
Investing in this additonal $1,209.00 for 20 years would give you extra $77,409.00, assuming a 10% annual return.
Investing in this additonal $1,209.00 for 20 years would give you extra $77,409.00, assuming a 10% annual return.
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN allocates $287,867.00 to match its employees' contributions, providing an employer match rate of 49.96% of their contributions
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is -0.20%.
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is 4.43%. This measures the effectiveness of the plan participants' investments in the year.
NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN is 0.11%.
Enrollment Features
NORKOL, INC. PROFIT SHARING AND 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.
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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