THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES
Plan Contact
- Address: 700 MID ATLANTIC PARKWAY,THOROFARE,NJ
- Contact person: CHRISTOPHER VANNATTA
- Phone: (877) 899-6481
Plan General Information
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is $6,814,689.00.This plan was established in 2022.
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is 161
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is $42,327.00
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is $9,884.00.
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is approximately $4,878.00
Investing in this additonal $4,878.00 for 20 years would give you extra $312,248.00, assuming a 10% annual return.
Investing in this additonal $4,878.00 for 20 years would give you extra $312,248.00, assuming a 10% annual return.
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Total Employer Contribution and Match Rate
In 2023, THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES allocates $785,501.00 to match its employees' contributions, providing an employer match rate of 98.72% of their contributions
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is 8477.55%.
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is 22.70%. This measures the effectiveness of the plan participants' investments in the year.
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES Expense Ratio
In 2023, the investment and administrative expense ratio of THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES is 0.08%.
Enrollment Features
THE TIMKEN GGB SAVINGS AND INVESTMENT RETIREMENT PLAN FOR BARGAINING ASSOCIATES 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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