KANEKA 401(K) PLAN
Plan Contact
- Address: 6161 UNDERWOOD ROAD,PASADENA,TX
- Contact person: ALVIN L. PROCTOR
- Phone: (281) 291-2116
Plan General Information
KANEKA 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KANEKA 401(K) PLAN is $114,002,616.00.This plan was established in 1984.
KANEKA 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KANEKA 401(K) PLAN is 571
KANEKA 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KANEKA 401(K) PLAN is $199,654.00
KANEKA 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KANEKA 401(K) PLAN is $9,679.00.
KANEKA 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KANEKA 401(K) PLAN is approximately $7,407.00
Investing in this additonal $7,407.00 for 20 years would give you extra $474,081.00, assuming a 10% annual return.
Investing in this additonal $7,407.00 for 20 years would give you extra $474,081.00, assuming a 10% annual return.
KANEKA 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, KANEKA 401(K) PLAN allocates $4,229,694.00 to match its employees' contributions, providing an employer match rate of 77.69% of their contributions
KANEKA 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KANEKA 401(K) PLAN is 12.76%.
KANEKA 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KANEKA 401(K) PLAN is 15.03%. This measures the effectiveness of the plan participants' investments in the year.
KANEKA 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KANEKA 401(K) PLAN is 0.17%.
Enrollment Features
KANEKA 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.
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