HANNAFORD BROS. CO. 401(K) PLAN
Plan Contact
- Address: 145 PLEASANT HILL ROAD,SCARBOROUGH,ME
- Contact person: PETER BEYELER
- Phone: (207) 883-2911
Plan General Information
HANNAFORD BROS. CO. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HANNAFORD BROS. CO. 401(K) PLAN is $986,043,827.00.This plan was established in 2018.
HANNAFORD BROS. CO. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HANNAFORD BROS. CO. 401(K) PLAN is 31457
HANNAFORD BROS. CO. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HANNAFORD BROS. CO. 401(K) PLAN is $31,345.00
HANNAFORD BROS. CO. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HANNAFORD BROS. CO. 401(K) PLAN is $2,377.00.
HANNAFORD BROS. CO. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HANNAFORD BROS. CO. 401(K) PLAN is approximately $757.00
Investing in this additonal $757.00 for 20 years would give you extra $48,510.00, assuming a 10% annual return.
Investing in this additonal $757.00 for 20 years would give you extra $48,510.00, assuming a 10% annual return.
HANNAFORD BROS. CO. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, HANNAFORD BROS. CO. 401(K) PLAN allocates $23,843,865.00 to match its employees' contributions, providing an employer match rate of 63.76% of their contributions
HANNAFORD BROS. CO. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HANNAFORD BROS. CO. 401(K) PLAN is 18.58%.
HANNAFORD BROS. CO. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HANNAFORD BROS. CO. 401(K) PLAN is 18.06%. This measures the effectiveness of the plan participants' investments in the year.
HANNAFORD BROS. CO. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HANNAFORD BROS. CO. 401(K) PLAN is 0.04%.
Enrollment Features
HANNAFORD BROS. CO. 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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