COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN
Plan Contact
- Address: 3910 SOUTH ST,LINCOLN,NE
- Phone: (402) 474-1341
Plan General Information
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is $14,639,727.00.This plan was established in 1987.
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is 195
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is $75,075.00
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is $6,912.00.
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is approximately $106.00
Investing in this additonal $106.00 for 20 years would give you extra $6,844.00, assuming a 10% annual return.
Investing in this additonal $106.00 for 20 years would give you extra $6,844.00, assuming a 10% annual return.
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN allocates $20,854.00 to match its employees' contributions, providing an employer match rate of 1.75% of their contributions
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is -18.06%.
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is -17.35%. This measures the effectiveness of the plan participants' investments in the year.
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, INC. 401(K) PLAN is 0.00%.
Enrollment Features
COMMONWEALTH ELECTRIC CO. OF THE MIDWEST, 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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