SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 3060 SOUTH INDUSTRIAL DR. NW,WALKER,MI
- Contact person: KENNETH BREWER
- Phone: (616) 887-0002
Plan General Information
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is $7,311,032.00.This plan was established in 2003.
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is 250
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is $29,244.00
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is $3,201.00.
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is approximately $551.00
Investing in this additonal $551.00 for 20 years would give you extra $35,273.00, assuming a 10% annual return.
Investing in this additonal $551.00 for 20 years would give you extra $35,273.00, assuming a 10% annual return.
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN allocates $137,786.00 to match its employees' contributions, providing an employer match rate of 18.08% of their contributions
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is -1.27%.
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is 15.60%. This measures the effectiveness of the plan participants' investments in the year.
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SPEEDRACK PRODUCTS GROUP, LTD. 401(K) RETIREMENT PLAN is 0.88%.
Enrollment Features
SPEEDRACK PRODUCTS GROUP, LTD. 401(K) 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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