DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B
Plan Contact
- Address: 14198 SUSSEX HIGHWAY,GREENWOOD,DE
- Contact person: ROBERT A. BOOK, II
- Phone: (302) 349-3115
Plan General Information
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is $39,258,315.00.This plan was established in 1976.
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is 119
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Average Participant Retirement Account Value
In 2023, the average participant retirement account value for DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is $329,901.00
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is $16,773.00.
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is approximately $9,358.00
Investing in this additonal $9,358.00 for 20 years would give you extra $598,965.00, assuming a 10% annual return.
Investing in this additonal $9,358.00 for 20 years would give you extra $598,965.00, assuming a 10% annual return.
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Total Employer Contribution and Match Rate
In 2023, DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B allocates $1,113,701.00 to match its employees' contributions, providing an employer match rate of 111.59% of their contributions
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is 16.67%.
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is 11.29%. This measures the effectiveness of the plan participants' investments in the year.
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B Expense Ratio
In 2023, the investment and administrative expense ratio of DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B is 0.06%.
Enrollment Features
DELAWARE ELECTRIC COOPERATIVE, INC. 401(K) SAVINGS PLAN B 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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