BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN
Plan Contact
- Address: P.O. BOX 1329,BANGOR,ME
- Contact person: JENNIFER HOLMES
- Phone: (207) 990-8122
Plan General Information
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is $19,424,799.00.This plan was established in 1985.
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is 167
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is $116,316.00
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is $2,678.00.
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is approximately $696.00
Investing in this additonal $696.00 for 20 years would give you extra $44,588.00, assuming a 10% annual return.
Investing in this additonal $696.00 for 20 years would give you extra $44,588.00, assuming a 10% annual return.
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Total Employer Contribution and Match Rate
In 2023, BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN allocates $116,349.00 to match its employees' contributions, providing an employer match rate of 25.48% of their contributions
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is 30.05%.
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is 31.57%. This measures the effectiveness of the plan participants' investments in the year.
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BANGOR PUBLISHING COMPANY SAVINGS/SECURITY PLAN is 0.03%.
Enrollment Features
BANGOR PUBLISHING COMPANY SAVINGS/SECURITY 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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