AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN
Plan Contact
- Address: 12482 EMERSON DR.,BRIGHTON,MI
- Contact person: MATTHEW SCHULTZ
- Phone: (248) 698-8868
Plan General Information
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is $3,777,496.00.This plan was established in 2018.
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is 181
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is $20,870.00
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is $3,938.00.
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is approximately $1,374.00
Investing in this additonal $1,374.00 for 20 years would give you extra $87,997.00, assuming a 10% annual return.
Investing in this additonal $1,374.00 for 20 years would give you extra $87,997.00, assuming a 10% annual return.
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN allocates $248,869.00 to match its employees' contributions, providing an employer match rate of 34.72% of their contributions
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is 43.15%.
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is 18.63%. This measures the effectiveness of the plan participants' investments in the year.
AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AMCOMM TELECOMMUNICATIONS, INC. 401(K) PLAN is 1.33%.
Enrollment Features
AMCOMM TELECOMMUNICATIONS, INC. 401(K) 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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