BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1298 PACIFIC OAKS PL,ESCONDIDO,CA
- Contact person: LAWRENCE BERKEL
- Phone: (760) 745-2001
Plan General Information
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is $18,308,774.00.This plan was established in 2022.
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is 469
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is $39,037.00
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is $3,873.00.
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is approximately $537.00
Investing in this additonal $537.00 for 20 years would give you extra $34,378.00, assuming a 10% annual return.
Investing in this additonal $537.00 for 20 years would give you extra $34,378.00, assuming a 10% annual return.
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2021, BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN allocates $251,928.00 to match its employees' contributions, providing an employer match rate of 13.87% of their contributions
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is 18.24%.
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is 10.40%. This measures the effectiveness of the plan participants' investments in the year.
BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of BAKER ELECTRIC, INC. 401(K) RETIREMENT SAVINGS PLAN is 0.00%.
Enrollment Features
BAKER ELECTRIC, INC. 401(K) RETIREMENT 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.
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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