ET WORKS RETIREMENT PLAN

Plan Contact

  • Address: 2201 HANCEL PARKWAY,MOORESVILLE,IN
  • Contact person: TRACY KINCAID
  • Phone: (317) 834-4500

Plan General Information

ET WORKS RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ET WORKS RETIREMENT PLAN is $8,146,748.00.This plan was established in 1998.

ET WORKS RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ET WORKS RETIREMENT PLAN is 161

ET WORKS RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ET WORKS RETIREMENT PLAN is $50,600.00

ET WORKS RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ET WORKS RETIREMENT PLAN is $4,453.00.

ET WORKS RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ET WORKS RETIREMENT PLAN is approximately $2,311.00
Investing in this additonal $2,311.00 for 20 years would give you extra $147,950.00, assuming a 10% annual return.

ET WORKS RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, ET WORKS RETIREMENT PLAN allocates $372,187.00 to match its employees' contributions, providing an employer match rate of 54.62% of their contributions

ET WORKS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ET WORKS RETIREMENT PLAN is 28.43%.

ET WORKS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ET WORKS RETIREMENT PLAN is 20.07%. This measures the effectiveness of the plan participants' investments in the year.

ET WORKS RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ET WORKS RETIREMENT PLAN is 0.74%.

Enrollment Features

ET WORKS RETIREMENT 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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