YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST
Plan Contact
- Address: 52000 SIERRA DR,CHESTERFIELD TWP,MI
- Contact person: DAVID CORNETT
- Phone: (586) 421-2400
Plan General Information
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is $23,474,171.00.This plan was established in 1986.
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is 208
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is $112,856.00
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is $4,463.00.
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is approximately $920.00
Investing in this additonal $920.00 for 20 years would give you extra $58,916.00, assuming a 10% annual return.
Investing in this additonal $920.00 for 20 years would give you extra $58,916.00, assuming a 10% annual return.
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST allocates $191,479.00 to match its employees' contributions, providing an employer match rate of 21.24% of their contributions
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is 15.83%.
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is 17.14%. This measures the effectiveness of the plan participants' investments in the year.
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST is 0.40%.
Enrollment Features
YOUNG SUPPLY COMPANY 401(K) PLAN AND TRUST 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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