BAESMAN GROUP, INC., 401(K) SAVINGS PLAN
Plan Contact
- Address: 4477 REYNOLDS DR.,HILLIARD,OH
- Contact person: MARK POLLEX
- Phone: (614) 850-2714
Plan General Information
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is $11,260,321.00.This plan was established in 1994.
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is 166
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is $67,833.00
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is $3,302.00.
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is approximately $1,097.00
Investing in this additonal $1,097.00 for 20 years would give you extra $70,210.00, assuming a 10% annual return.
Investing in this additonal $1,097.00 for 20 years would give you extra $70,210.00, assuming a 10% annual return.
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, BAESMAN GROUP, INC., 401(K) SAVINGS PLAN allocates $182,108.00 to match its employees' contributions, providing an employer match rate of 34.15% of their contributions
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is 15.52%.
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is 15.37%. This measures the effectiveness of the plan participants' investments in the year.
BAESMAN GROUP, INC., 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BAESMAN GROUP, INC., 401(K) SAVINGS PLAN is 0.17%.
Enrollment Features
BAESMAN GROUP, INC., 401(K) SAVINGS 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.
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