HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN

Plan Contact

  • Address: 6200 NW 2ND STREET,OKLAHOMA CITY,OK
  • Contact person: LARRY BASDEN
  • Phone: (405) 235-2184

Plan General Information

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is $12,666,364.00.This plan was established in 1999.

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is 182

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is $69,595.00

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is $2,681.00.

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is approximately $2,152.00
Investing in this additonal $2,152.00 for 20 years would give you extra $137,733.00, assuming a 10% annual return.

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN allocates $391,679.00 to match its employees' contributions, providing an employer match rate of 76.68% of their contributions

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is 11.33%.

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is 20.65%. This measures the effectiveness of the plan participants' investments in the year.

HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of HAGAR RESTAURANT EQUIPMENT SERVICE, INC. 401(K) PLAN is 0.03%.

Enrollment Features

HAGAR RESTAURANT EQUIPMENT SERVICE, 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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