ELM ELECTRICAL, INC. 401(K) PLAN
Plan Contact
- Address: 68 UNION ST,WESTFIELD,MA
- Contact person: TIMOTHY WILLIAMS
- Phone: (413) 568-0905
Plan General Information
ELM ELECTRICAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ELM ELECTRICAL, INC. 401(K) PLAN is $36,665,753.00.This plan was established in 1994.
ELM ELECTRICAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ELM ELECTRICAL, INC. 401(K) PLAN is 209
ELM ELECTRICAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ELM ELECTRICAL, INC. 401(K) PLAN is $175,434.00
ELM ELECTRICAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ELM ELECTRICAL, INC. 401(K) PLAN is $9,912.00.
ELM ELECTRICAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ELM ELECTRICAL, INC. 401(K) PLAN is approximately $3,819.00
Investing in this additonal $3,819.00 for 20 years would give you extra $244,419.00, assuming a 10% annual return.
Investing in this additonal $3,819.00 for 20 years would give you extra $244,419.00, assuming a 10% annual return.
ELM ELECTRICAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, ELM ELECTRICAL, INC. 401(K) PLAN allocates $798,183.00 to match its employees' contributions, providing an employer match rate of 40.67% of their contributions
ELM ELECTRICAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ELM ELECTRICAL, INC. 401(K) PLAN is 27.50%.
ELM ELECTRICAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ELM ELECTRICAL, INC. 401(K) PLAN is 19.64%. This measures the effectiveness of the plan participants' investments in the year.
ELM ELECTRICAL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ELM ELECTRICAL, INC. 401(K) PLAN is 0.01%.
Enrollment Features
ELM ELECTRICAL, INC. 401(K) 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.
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