GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST
Plan Contact
- Address: 28 W ADAMS, STE 1200,DETROIT,MI
- Contact person: DIANA MERCADO
- Phone: (313) 962-4442
Plan General Information
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is $25,104,253.00.This plan was established in 1985.
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is 137
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is $183,242.00
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is $8,180.00.
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is approximately $1,550.00
Investing in this additonal $1,550.00 for 20 years would give you extra $99,216.00, assuming a 10% annual return.
Investing in this additonal $1,550.00 for 20 years would give you extra $99,216.00, assuming a 10% annual return.
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST allocates $212,386.00 to match its employees' contributions, providing an employer match rate of 20.05% of their contributions
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is 30.18%.
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is 24.78%. This measures the effectiveness of the plan participants' investments in the year.
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST is 0.03%.
Enrollment Features
GIFFELS-WEBSTER ENGINEERS, INC. EMPLOYEES' 401(K) PLAN AND TRUST 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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