Milwaukee Electric Tool Corporation 401(k) Plan: Login, Facts & Contact Information
Milwaukee Electric Tool Corporation 401(k) Login
3,892 former Milwaukee Electric Tool Corporation employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2023 filing.
Milwaukee Electric Tool Corporation 401(k) Plan Facts
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Sep 13, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $133.2 million went into the plan in contributions, $36.1 million of it from the employer (27%).
- $77.6 million was paid out to participants.
- Investment and other income added $119.7 million.
- Administrative expenses were $1.15 million, about $67 per account.
How the Milwaukee Electric Tool Corporation 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 7,903 | $295.8 million | $12.8 million | $25.9 million |
| 2019 | 7,719 | $444.7 million | $15.0 million | $28.8 million |
| 2020 | 9,440 | $540.3 million | $18.0 million | $46.0 million |
| 2021 | 11,836 | $686.4 million | $26.6 million | $45.7 million |
| 2022 | 18,624 | $639.2 million | $34.1 million | $58.7 million |
| 2023 | 18,164 | $813.0 million | $36.1 million | $77.6 million |
Milwaukee Electric Tool Corporation 401(k) Contact Information
Questions about the Milwaukee Electric Tool Corporation 401(k)
Does Milwaukee Electric Tool Corporation contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $36.1 million, 27% of all contributions.
Does the Milwaukee Electric Tool Corporation 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Milwaukee Electric Tool Corporation 401(k) plan?
18,164 participants at the start of plan year 2023, 13,666 of them active employees, and 3,892 former employees who still had money in the plan.
What is the average 401(k) balance at Milwaukee Electric Tool Corporation?
About $47,630 per account: $813.0 million in plan assets across 17,070 accounts with a balance at the end of plan year 2023.
Who manages the Milwaukee Electric Tool Corporation 401(k) accounts?
T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Milwaukee Electric Tool Corporation. How do I access my 401(k)?
Your account stays with T. Rowe Price after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.