ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST
Plan Contact
- Address: 10755 YORK ROAD,COCKEYSVILLE,MD
- Contact person: JEFFREY ELKIN
- Phone: (410) 252-4800
Plan General Information
ADVANCE BUSINESS SYSTEMS & 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 ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST is 182
ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST is $634.00.
ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST is approximately $295.00
Investing in this additonal $295.00 for 20 years would give you extra $18,887.00, assuming a 10% annual return.
Investing in this additonal $295.00 for 20 years would give you extra $18,887.00, assuming a 10% annual return.
ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, ADVANCE BUSINESS SYSTEMS & SUPPLY COMPANY 401(K) PLAN AND TRUST allocates $53,712.00 to match its employees' contributions, providing an employer match rate of 44.70% of their contributions
Enrollment Features
ADVANCE BUSINESS SYSTEMS & 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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