BOON EDAM, INC. 401(K) PLAN

Plan Contact

  • Address: 402 MCKINNEY PARKWAY,LILLINGTON,NC
  • Phone: (910) 814-3800

Plan General Information

BOON EDAM, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BOON EDAM, INC. 401(K) PLAN is $12,244,445.00.This plan was established in 1989.

BOON EDAM, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BOON EDAM, INC. 401(K) PLAN is 226

BOON EDAM, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BOON EDAM, INC. 401(K) PLAN is $54,178.00

BOON EDAM, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BOON EDAM, INC. 401(K) PLAN is $10,227.00.

BOON EDAM, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BOON EDAM, INC. 401(K) PLAN is approximately $1,833.00
Investing in this additonal $1,833.00 for 20 years would give you extra $117,322.00, assuming a 10% annual return.

BOON EDAM, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BOON EDAM, INC. 401(K) PLAN allocates $414,294.00 to match its employees' contributions, providing an employer match rate of 35.85% of their contributions

BOON EDAM, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BOON EDAM, INC. 401(K) PLAN is 15.46%.

BOON EDAM, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BOON EDAM, INC. 401(K) PLAN is 17.40%. This measures the effectiveness of the plan participants' investments in the year.

BOON EDAM, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BOON EDAM, INC. 401(K) PLAN is 0.05%.

Enrollment Features

BOON EDAM, INC. 401(K) 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.

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