EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN
Plan Contact
- Address: 11040 KING STREET,FRANKLIN PARK,IL
- Phone: (847) 994-8550
Plan General Information
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is $5,359,100.00.This plan was established in 1967.
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is 138
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is $38,834.00
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is $3,136.00.
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is approximately $181.00
Investing in this additonal $181.00 for 20 years would give you extra $11,608.00, assuming a 10% annual return.
Investing in this additonal $181.00 for 20 years would give you extra $11,608.00, assuming a 10% annual return.
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN allocates $25,031.00 to match its employees' contributions, providing an employer match rate of 11.57% of their contributions
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is 8.54%.
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is 6.73%. This measures the effectiveness of the plan participants' investments in the year.
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS PLAN is 0.54%.
Enrollment Features
EKLIND TOOL COMPANY EMPLOYEES' 401(K) SAVINGS 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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