THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC
Plan Contact
- Address: 1 GLEN ST,GLENS FALLS,NY
- Contact person: TRACEY RILEY
- Phone: (518) 793-2541
Plan General Information
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is $26,662,296.00.This plan was established in 1997.
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is 472
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is $56,487.00
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is $3,224.00.
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is approximately $1,520.00
Investing in this additonal $1,520.00 for 20 years would give you extra $97,296.00, assuming a 10% annual return.
Investing in this additonal $1,520.00 for 20 years would give you extra $97,296.00, assuming a 10% annual return.
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Total Employer Contribution and Match Rate
In 2023, THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC allocates $717,558.00 to match its employees' contributions, providing an employer match rate of 49.56% of their contributions
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is 9.50%.
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is 18.96%. This measures the effectiveness of the plan participants' investments in the year.
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC Expense Ratio
In 2023, the investment and administrative expense ratio of THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC is 0.10%.
Enrollment Features
THE 401(K) PLAN FOR HOURLY EMPLOYEES OF FINCH PAPER LLC 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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