WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN

Plan Contact

  • Address: 4910 WEST 2100 SOUTH,SALT LAKE CITY,UT
  • Contact person: JEFFREY A IPSEN
  • Phone: (801) 978-1424

Plan General Information

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Total Retirement Plan Assets

At the end of 2019, the total retirement plan assets of WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is $31,988,545.00.This plan was established in 1996.

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2019, the total number of retirement plan participants in WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is 541

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Average Participant Retirement Account Value

In 2019, the average participant retirement account value for WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is $59,128.00

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Estimated Average Employee Contribution Amount

In 2019, the estimated average employee contribution amount per participant for WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is $6,015.00.

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Estimated Average Employer Match

In 2019, the estimated average employer match for an employee in WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is approximately $2,463.00
Investing in this additonal $2,463.00 for 20 years would give you extra $157,679.00, assuming a 10% annual return.

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Total Employer Contribution and Match Rate

In 2019, WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN allocates $1,332,888.00 to match its employees' contributions, providing an employer match rate of 81.91% of their contributions

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2019, the total retirement plan asset growth rate of WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is 22.07%.

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2019, the estimated aggregate retirement account investment gain/loss for WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is 18.66%. This measures the effectiveness of the plan participants' investments in the year.

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN Expense Ratio

In 2019, the investment and administrative expense ratio of WHEELER MACHINERY CO. BARGAINING UNIT 401(K) PLAN is 0.45%.

Enrollment Features

WHEELER MACHINERY CO. BARGAINING UNIT 401(K) 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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