RADIAC ABRASIVES, INC. THRIFT PLAN
Plan Contact
- Address: 1015 S. COLLEGE STREET,SALEM,IL
- Contact person: PENNY ROODZANT
- Phone: (618) 548-4200
Plan General Information
RADIAC ABRASIVES, INC. THRIFT PLAN Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of RADIAC ABRASIVES, INC. THRIFT PLAN is $24,686,514.00.This plan was established in 2006.
RADIAC ABRASIVES, INC. THRIFT PLAN Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in RADIAC ABRASIVES, INC. THRIFT PLAN is 582
RADIAC ABRASIVES, INC. THRIFT PLAN Average Participant Retirement Account Value
In 2016, the average participant retirement account value for RADIAC ABRASIVES, INC. THRIFT PLAN is $42,416.00
RADIAC ABRASIVES, INC. THRIFT PLAN Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for RADIAC ABRASIVES, INC. THRIFT PLAN is $5,364.00.
RADIAC ABRASIVES, INC. THRIFT PLAN Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in RADIAC ABRASIVES, INC. THRIFT PLAN is approximately $1,307.00
Investing in this additonal $1,307.00 for 20 years would give you extra $83,651.00, assuming a 10% annual return.
Investing in this additonal $1,307.00 for 20 years would give you extra $83,651.00, assuming a 10% annual return.
RADIAC ABRASIVES, INC. THRIFT PLAN Total Employer Contribution and Match Rate
In 2016, RADIAC ABRASIVES, INC. THRIFT PLAN allocates $760,710.00 to match its employees' contributions, providing an employer match rate of 48.73% of their contributions
RADIAC ABRASIVES, INC. THRIFT PLAN Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of RADIAC ABRASIVES, INC. THRIFT PLAN is 1.86%.
RADIAC ABRASIVES, INC. THRIFT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for RADIAC ABRASIVES, INC. THRIFT PLAN is 7.17%. This measures the effectiveness of the plan participants' investments in the year.
RADIAC ABRASIVES, INC. THRIFT PLAN Expense Ratio
In 2016, the investment and administrative expense ratio of RADIAC ABRASIVES, INC. THRIFT PLAN is 0.27%.
Enrollment Features
RADIAC ABRASIVES, INC. THRIFT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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