WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN

Plan Contact

  • Address: 6364 DEAN PARKWAY,ONTARIO,NY
  • Contact person: ELISHA TOMASELLO
  • Phone: (585) 265-3000

Plan General Information

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is $2,656,478.00.This plan was established in 2005.

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is 153

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is $17,362.00

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is $4,580.00.

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is approximately $995.00
Investing in this additonal $995.00 for 20 years would give you extra $63,728.00, assuming a 10% annual return.

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN allocates $152,351.00 to match its employees' contributions, providing an employer match rate of 43.48% of their contributions

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is 0.06%.

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is 0.53%. This measures the effectiveness of the plan participants' investments in the year.

WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of WECO MANUFACTURING SAVINGS AND RETIREMENT PLAN is 0.35%.

Enrollment Features

WECO MANUFACTURING SAVINGS AND 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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