HANES SUPPLY, INC. 401(K) PLAN

Plan Contact

  • Address: 55 JAMES E CASEY DR,BUFFALO,NY
  • Contact person: DANIELLE MEADOWS
  • Phone: (716) 826-2636

Plan General Information

HANES SUPPLY, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HANES SUPPLY, INC. 401(K) PLAN is $16,376,753.00.This plan was established in 1986.

HANES SUPPLY, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HANES SUPPLY, INC. 401(K) PLAN is 219

HANES SUPPLY, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HANES SUPPLY, INC. 401(K) PLAN is $74,779.00

HANES SUPPLY, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HANES SUPPLY, INC. 401(K) PLAN is $3,200.00.

HANES SUPPLY, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HANES SUPPLY, INC. 401(K) PLAN is approximately $473.00
Investing in this additonal $473.00 for 20 years would give you extra $30,306.00, assuming a 10% annual return.

HANES SUPPLY, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, HANES SUPPLY, INC. 401(K) PLAN allocates $103,705.00 to match its employees' contributions, providing an employer match rate of 15.17% of their contributions

HANES SUPPLY, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HANES SUPPLY, INC. 401(K) PLAN is 11.26%.

HANES SUPPLY, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HANES SUPPLY, INC. 401(K) PLAN is 13.58%. This measures the effectiveness of the plan participants' investments in the year.

HANES SUPPLY, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of HANES SUPPLY, INC. 401(K) PLAN is 0.15%.

Enrollment Features

HANES SUPPLY, INC. 401(K) 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.
    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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