BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V
Plan Contact
- Address: 1298 PACIFIC OAKS PL,ESCONDIDO,CA
- Contact person: YIN LI
- Phone: (760) 745-2001
Plan General Information
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is $15,718,005.00.This plan was established in 2017.
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is 350
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is $44,908.00
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is $10,579.00.
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is approximately $1,057.00
Investing in this additonal $1,057.00 for 20 years would give you extra $67,708.00, assuming a 10% annual return.
Investing in this additonal $1,057.00 for 20 years would give you extra $67,708.00, assuming a 10% annual return.
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Total Employer Contribution and Match Rate
In 2023, BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V allocates $370,280.00 to match its employees' contributions, providing an employer match rate of 20.00% of their contributions
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is 29.66%.
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is 16.39%. This measures the effectiveness of the plan participants' investments in the year.
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V Expense Ratio
In 2023, the investment and administrative expense ratio of BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V is 0.60%.
Enrollment Features
BAKER ELECTRIC 401(K) RETIREMENT SAVINGS PLAN V 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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