BEEMAC 401(K) PLAN
Plan Contact
- Address: 2747 LEGIONVILLE ROAD,AMBRIDGE,PA
- Contact person: JEFFREY GILMORE
- Phone: (724) 705-4184
Plan General Information
BEEMAC 401(K) PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of BEEMAC 401(K) PLAN is $744,620.00.This plan was established in 2012.
BEEMAC 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in BEEMAC 401(K) PLAN is 141
BEEMAC 401(K) PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for BEEMAC 401(K) PLAN is $5,280.00
BEEMAC 401(K) PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for BEEMAC 401(K) PLAN is $1,897.00.
BEEMAC 401(K) PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in BEEMAC 401(K) PLAN is approximately $517.00
Investing in this additonal $517.00 for 20 years would give you extra $33,118.00, assuming a 10% annual return.
Investing in this additonal $517.00 for 20 years would give you extra $33,118.00, assuming a 10% annual return.
BEEMAC 401(K) PLAN Total Employer Contribution and Match Rate
In 2020, BEEMAC 401(K) PLAN allocates $72,965.00 to match its employees' contributions, providing an employer match rate of 54.55% of their contributions
BEEMAC 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of BEEMAC 401(K) PLAN is 10.43%.
BEEMAC 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for BEEMAC 401(K) PLAN is -2.52%. This measures the effectiveness of the plan participants' investments in the year.
BEEMAC 401(K) PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of BEEMAC 401(K) PLAN is 1.46%.
Enrollment Features
BEEMAC 401(K) 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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