BENNER MECHANICAL & ELECTRICAL 401(K) PLAN
Plan Contact
- Address: 1760 LAKELAND PARK DRIVE,BURLINGTON,KY
- Phone: (859) 980-7333
Plan General Information
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is $5,092,424.00.This plan was established in 1989.
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is 146
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is $34,879.00
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is $3,083.00.
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is approximately $1,188.00
Investing in this additonal $1,188.00 for 20 years would give you extra $76,058.00, assuming a 10% annual return.
Investing in this additonal $1,188.00 for 20 years would give you extra $76,058.00, assuming a 10% annual return.
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, BENNER MECHANICAL & ELECTRICAL 401(K) PLAN allocates $173,508.00 to match its employees' contributions, providing an employer match rate of 37.90% of their contributions
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is -13.99%.
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is -14.53%. This measures the effectiveness of the plan participants' investments in the year.
BENNER MECHANICAL & ELECTRICAL 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of BENNER MECHANICAL & ELECTRICAL 401(K) PLAN is 1.01%.
Enrollment Features
BENNER MECHANICAL & ELECTRICAL 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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