BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 2301 MCCRACKEN BLVD,PADUCAH,KY
- Contact person: DAVID BELT
- Phone: (270) 443-1995
Plan General Information
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is $17,773,029.00.This plan was established in 2003.
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is 157
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is $113,204.00
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is $10,361.00.
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is approximately $3,171.00
Investing in this additonal $3,171.00 for 20 years would give you extra $202,998.00, assuming a 10% annual return.
Investing in this additonal $3,171.00 for 20 years would give you extra $202,998.00, assuming a 10% annual return.
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN allocates $497,981.00 to match its employees' contributions, providing an employer match rate of 33.49% of their contributions
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is 26.27%.
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is 17.30%. This measures the effectiveness of the plan participants' investments in the year.
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT PLAN is 0.09%.
Enrollment Features
BACON, FARMER, WORKMAN ENGINEERING AND TESTING, INC. 401(K) RETIREMENT 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.
Recent Articles
- The ABCs of Roth Conversions: Backdoor, Mega Backdoor, and More
- April 2025 MyPlanIQ Portfolio Update
- Paying Off Debt or Funding Retirement? How to Decide When Every Dollar Counts
- The Right Way to Withdraw from Your 401(k) Without Regret
- Retirement Plan Contribution Limits in 2025
- Need to Withdraw From Your 401(k)? Follow This Order: Hardship Withdrawal, 401(k) Loan, and Penalty Withdrawal
- Maximize Your Cash Returns
- March 2025 MyPlanIQ Portfolio Update
- Roth IRA for Kids? SEP IRA for Rental Income?
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more …
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan …