THE OILGEAR SAVINGS PLUS PLAN
Plan Contact
- Address: 1424 INTERNATIONAL DRIVE,TRAVERSE CITY,MI
- Contact person: MATTHEW FANGMAN
- Phone: (231) 944-7179
Plan General Information
THE OILGEAR SAVINGS PLUS PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of THE OILGEAR SAVINGS PLUS PLAN is $18,947,766.00.This plan was established in 1970.
THE OILGEAR SAVINGS PLUS PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in THE OILGEAR SAVINGS PLUS PLAN is 269
THE OILGEAR SAVINGS PLUS PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for THE OILGEAR SAVINGS PLUS PLAN is $70,437.00
THE OILGEAR SAVINGS PLUS PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for THE OILGEAR SAVINGS PLUS PLAN is $6,434.00.
THE OILGEAR SAVINGS PLUS PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in THE OILGEAR SAVINGS PLUS PLAN is approximately $1,662.00
Investing in this additonal $1,662.00 for 20 years would give you extra $106,422.00, assuming a 10% annual return.
Investing in this additonal $1,662.00 for 20 years would give you extra $106,422.00, assuming a 10% annual return.
THE OILGEAR SAVINGS PLUS PLAN Total Employer Contribution and Match Rate
In 2019, THE OILGEAR SAVINGS PLUS PLAN allocates $447,306.00 to match its employees' contributions, providing an employer match rate of 51.68% of their contributions
THE OILGEAR SAVINGS PLUS PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of THE OILGEAR SAVINGS PLUS PLAN is 14.42%.
THE OILGEAR SAVINGS PLUS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for THE OILGEAR SAVINGS PLUS PLAN is 23.95%. This measures the effectiveness of the plan participants' investments in the year.
THE OILGEAR SAVINGS PLUS PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of THE OILGEAR SAVINGS PLUS PLAN is 0.47%.
Enrollment Features
THE OILGEAR SAVINGS PLUS 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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