SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 4244 SHORELINE DRIVE,SPRING PARK,MN
- Contact person: CRAIG ERICKSON
- Phone: (952) 471-0950
Plan General Information
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is $4,230,669.00.This plan was established in 2015.
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is 109
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is $38,813.00
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is $8,991.00.
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is approximately $3,171.00
Investing in this additonal $3,171.00 for 20 years would give you extra $202,985.00, assuming a 10% annual return.
Investing in this additonal $3,171.00 for 20 years would give you extra $202,985.00, assuming a 10% annual return.
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN allocates $345,710.00 to match its employees' contributions, providing an employer match rate of 70.55% of their contributions
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is 39.87%.
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is 20.77%. This measures the effectiveness of the plan participants' investments in the year.
SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SAFETY RAIL COMPANY RETIREMENT SAVINGS PLAN is 0.90%.
Enrollment Features
SAFETY RAIL COMPANY RETIREMENT SAVINGS 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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