HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 10 FORGE PARKWAY,FRANKLIN,MA
- Contact person: RICHARD LOPEZ
- Phone: (508) 530-7820
Plan General Information
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is $13,416,482.00.This plan was established in 2003.
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is 124
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is $108,197.00
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is $9,725.00.
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is approximately $3,704.00
Investing in this additonal $3,704.00 for 20 years would give you extra $237,075.00, assuming a 10% annual return.
Investing in this additonal $3,704.00 for 20 years would give you extra $237,075.00, assuming a 10% annual return.
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN allocates $459,334.00 to match its employees' contributions, providing an employer match rate of 40.54% of their contributions
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is 33.33%.
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is 20.51%. This measures the effectiveness of the plan participants' investments in the year.
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING PLAN is 0.02%.
Enrollment Features
HEIDELBERG ENGINEERING, INC. 401(K) PROFIT SHARING 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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