THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES
Plan Contact
- Address: 5150 BELTWAY DR SE,CALEDONIA,MI
- Contact person: JAMIE HALFMANN
- Phone: (269) 945-9501
Plan General Information
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $12,769,104.00.This plan was established in 1993.
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 236
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $54,106.00
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is $1,934.00.
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is approximately $2,066.00
Investing in this additonal $2,066.00 for 20 years would give you extra $132,267.00, assuming a 10% annual return.
Investing in this additonal $2,066.00 for 20 years would give you extra $132,267.00, assuming a 10% annual return.
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Employer Contribution and Match Rate
In 2023, THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES allocates $487,738.00 to match its employees' contributions, providing an employer match rate of 111.32% of their contributions
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 19.91%.
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 19.82%. This measures the effectiveness of the plan participants' investments in the year.
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES is 0.03%.
Enrollment Features
THE VIKING CORPORATION 401(K) PLAN FOR BARGAINING UNIT EMPLOYEES 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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