BORDER FOODS, LLC. 401(K) PLAN
Plan Contact
- Address: 5425 BOONE AVENUE N.,NEW HOPE,MN
- Contact person: SHARLA HENNEK
- Phone: (763) 489-2960
Plan General Information
BORDER FOODS, LLC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BORDER FOODS, LLC. 401(K) PLAN is $18,492,164.00.This plan was established in 1997.
BORDER FOODS, LLC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BORDER FOODS, LLC. 401(K) PLAN is 1011
BORDER FOODS, LLC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BORDER FOODS, LLC. 401(K) PLAN is $18,290.00
BORDER FOODS, LLC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BORDER FOODS, LLC. 401(K) PLAN is $4,198.00.
BORDER FOODS, LLC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BORDER FOODS, LLC. 401(K) PLAN is approximately $185.00
Investing in this additonal $185.00 for 20 years would give you extra $11,849.00, assuming a 10% annual return.
Investing in this additonal $185.00 for 20 years would give you extra $11,849.00, assuming a 10% annual return.
BORDER FOODS, LLC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BORDER FOODS, LLC. 401(K) PLAN allocates $187,192.00 to match its employees' contributions, providing an employer match rate of 8.82% of their contributions
BORDER FOODS, LLC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BORDER FOODS, LLC. 401(K) PLAN is 21.50%.
BORDER FOODS, LLC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BORDER FOODS, LLC. 401(K) PLAN is 19.34%. This measures the effectiveness of the plan participants' investments in the year.
BORDER FOODS, LLC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BORDER FOODS, LLC. 401(K) PLAN is 0.67%.
Enrollment Features
BORDER FOODS, LLC. 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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